2. The trial balance for Belinda Corporation for the year ended 31 December 2022 is as...

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2. The trial balance for Belinda Corporation for the year ended 31 December 2022 is as follows: Belinda Corporation Trial balance for the year ended 31 December 2022 Account Cash Accounts receivable Notes receivable Inventory Prepaid insurance Machinery Accumulated depreciation - machinery Accounts payable Capital, Belinda Sales Cost of goods sold Salary expenses Utility expenses Income tax Total Debit (RM) Credit (RM) 5,100 18,000 11,000 25,500 2,800 19,500 Instructions: 93,000 41,500 25,000 4,300 27,500 35,100 180,000 5,500 246,900 246,900 Additional information: (a) Accrued interest on notes receivable is RM1,200. (b) Depreciation on the machinery is RM2,500. (c) Accrued salaries are RM1,500. (d) Accrued utility bill is RM900 (charged to utility account). (e) Insurance which is due is RM1,200. (f) Cash drawings by Belinda is RM3,200. (g) Cash of RM500 is received from a customer for a debt which was wrongly credited to the trade payables. (i) Prepare adjusting journal entries for transactions (a)-(g). (ii) Prepare the adjusted trial balance as at 31 December 2022. 2. The trial balance for Belinda Corporation for the year ended 31 December 2022 is as follows: Belinda Corporation Trial balance for the year ended 31 December 2022 Account Cash Accounts receivable Notes receivable Inventory Prepaid insurance Machinery Accumulated depreciation - machinery Accounts payable Capital, Belinda Sales Cost of goods sold Salary expenses Utility expenses Income tax Total Debit (RM) Credit (RM) 5,100 18,000 11,000 25,500 2,800 19,500 Instructions: 93,000 41,500 25,000 4,300 27,500 35,100 180,000 5,500 246,900 246,900 Additional information: (a) Accrued interest on notes receivable is RM1,200. (b) Depreciation on the machinery is RM2,500. (c) Accrued salaries are RM1,500. (d) Accrued utility bill is RM900 (charged to utility account). (e) Insurance which is due is RM1,200. (f) Cash drawings by Belinda is RM3,200. (g) Cash of RM500 is received from a customer for a debt which was wrongly credited to the trade payables. (i) Prepare adjusting journal entries for transactions (a)-(g). (ii) Prepare the adjusted trial balance as at 31 December 2022.

Answer rating: 100% (QA)

The provided image contains a trial balance sheet for Belinda Corporation and additional information relating to certain financial transactions that have occurred but have not been accounted for in th... View the full answer