Question: Answer all the questions Show the calculation methods 100% 2. Samy owns a boutique, Anggun at Ampang. The boutique sells traditional costumes. The following balances

Answer all the questions Show the calculation methods 100% 2. Samy

Answer all the questions Show the calculation methods 100%

2. Samy owns a boutique, Anggun at Ampang. The boutique sells traditional costumes. The following balances were extracted from the books of Anggun as at 31 December 2021. RM 2,200 Utility expenses 12,400 Salary expenses 5% Loan from BIMB 100,000 Interest on loan 2,500 Rent expenses 12,000 The following adjustments need to be considered as at 31 December 2021: 1. Two month of salary for fashion designer was still unpaid. The monthly salary is RM2,200 per month. Interest on loan from BIMB for half a year was outstanding. iii. Shop rental is RM1,000 per month. Sherry paid rental in advance for two months. iv. Accrued utility for December 2021 was RM450 You are required to prepare: (a) Journal entries for the above adjustment. Show your working (8 marks) (b) Extract Statement of Profit or Loss for the year ended 31 December 2021

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