(A) The following is information related to the business of Jasmine Florist Sdn. Bhd. for the year...
Fantastic news! We've Found the answer you've been seeking!
Question:
Inventory RM5,000
General and administrative expenses 1,000
Ordinary shares 50,000
Cash 11,000
Operating expenses 1,350
Short-term notes payable 750
Interest expense 1,200
Depreciation expense 600
Net sales 13,000
Accounts receivable 10,000
Accounts payable 5,000
Long term debt?
Cost of goods sold 6,000
Buildings and equipment 120,000
Accumulated depreciation 38,000
Tax expense 1,300
Retained earnings 10,250
Based on the information provided, you are required to prepare an income statement and balance sheet for Jasmine Florist Sdn. Bhd. for the year ending 31 December 2023. Calculate the total long-term debt for Jasmine Florist Sdn. Bhd. for the year 2023.
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date: