Report the following: a. Trial balance as at 30th June 2020. b. Statement of Comprehensive Income...

 

Transcribed Image Text:

Report the following: a. Trial balance as at 30th June 2020. b. Statement of Comprehensive Income for the year ended 30th June 2020. c. Statement of Financial Position as at 30th June 2020. Item iii. iv. v. vi. vii. Cash Account receivable and accounts payable Provision for doubtful debt Inventory (1 July 2019) viii. Land Plant and machinery Accumulated depreciation-plant and machinery Drawing Sales and purchases Sales return and purchase return Carriage inward Salary Advertising expenses Discount Rent Bad debt Wages Overdraft bank Loan Additional information: i. ii. Commission received Utilities Insurance Capital Accrued salary at year-end total RM1,200. Debit (RM) 26,000 9,900 14,000 49,000 92,000 2,000 39,800 6,300 4,300 12.500 8,100 4,500 5.000 120 6,500 670 4,800 Credit (RM) 3,700 100 9,200 75,300 3,400 2,500 2,500 10,200 40,000 800 The plant and machinery is being depreciated 10% per annum using the straight line method. Bad debts RM900 is to be written off. The allowance for doubtful debts is 5% of the net account receivable. The owner should receive rent for RM350 per month. Commission received for one year is RM1,020. Utilities for every month is RM100. % of the total insurance paid is for the next year. ix. Inventory on June 30, at cost price is RM17,200 and at market price is RM15,000. ? Report the following: a. Trial balance as at 30th June 2020. b. Statement of Comprehensive Income for the year ended 30th June 2020. c. Statement of Financial Position as at 30th June 2020. Item iii. iv. v. vi. vii. Cash Account receivable and accounts payable Provision for doubtful debt Inventory (1 July 2019) viii. Land Plant and machinery Accumulated depreciation-plant and machinery Drawing Sales and purchases Sales return and purchase return Carriage inward Salary Advertising expenses Discount Rent Bad debt Wages Overdraft bank Loan Additional information: i. ii. Commission received Utilities Insurance Capital Accrued salary at year-end total RM1,200. Debit (RM) 26,000 9,900 14,000 49,000 92,000 2,000 39,800 6,300 4,300 12.500 8,100 4,500 5.000 120 6,500 670 4,800 Credit (RM) 3,700 100 9,200 75,300 3,400 2,500 2,500 10,200 40,000 800 The plant and machinery is being depreciated 10% per annum using the straight line method. Bad debts RM900 is to be written off. The allowance for doubtful debts is 5% of the net account receivable. The owner should receive rent for RM350 per month. Commission received for one year is RM1,020. Utilities for every month is RM100. % of the total insurance paid is for the next year. ix. Inventory on June 30, at cost price is RM17,200 and at market price is RM15,000. ?