MCQ format Normal No Spacing Heading 1 Heading 2 based on the percentage of net credit sales method. (NB; All Suntory Ltdsales are on a credit basis) PART A Justing entries Note: No adjusting entry is made for beginning and ending inventory. Under the periodie inventory system, these items would be amended as part of closing entries. GENERAL JOURNAL SUNTORY LTD 2020 DR June 30 Provision for doubtful accounts $1925 Accounts receivable $1925 CR Jun 30 Income tax expense Income tax payable S18000 $18000 Jun 30 Retained carnings Dividend payable $30000 $30000 Jun 30 S20000 Retained earnings General reserve $20000 Jun 30 Depreciation expense 5% of $800000 Accumulated depreciation of the building $40,000 540000 Jun 30 Depreciation expense Accumulated depreciation motor vehicle S10000 $10000 Jun 30 Bad debt expense Provision for doubtful accounts $2495 $2495 HOWCANCExer MacBook Air DOO FS 10 2 91 Alibaba . MO PARTB Your next task is to prepare a detailed Classified Income Statement for the period ending 30 June, 2020 with reference to the General Journal adjustments to Porta SUNTORY LTD Income Statement for the year ended 30 June 2020 MacBook Air 0 000 FS FB YO $ % 5 & 6 7 MCQ format Normal No Spacing Heading 1 Heading 2 based on the percentage of net credit sales method. (NB; All Suntory Ltdsales are on a credit basis) PART A Justing entries Note: No adjusting entry is made for beginning and ending inventory. Under the periodie inventory system, these items would be amended as part of closing entries. GENERAL JOURNAL SUNTORY LTD 2020 DR June 30 Provision for doubtful accounts $1925 Accounts receivable $1925 CR Jun 30 Income tax expense Income tax payable S18000 $18000 Jun 30 Retained carnings Dividend payable $30000 $30000 Jun 30 S20000 Retained earnings General reserve $20000 Jun 30 Depreciation expense 5% of $800000 Accumulated depreciation of the building $40,000 540000 Jun 30 Depreciation expense Accumulated depreciation motor vehicle S10000 $10000 Jun 30 Bad debt expense Provision for doubtful accounts $2495 $2495 HOWCANCExer MacBook Air DOO FS 10 2 91 Alibaba . MO PARTB Your next task is to prepare a detailed Classified Income Statement for the period ending 30 June, 2020 with reference to the General Journal adjustments to Porta SUNTORY LTD Income Statement for the year ended 30 June 2020 MacBook Air 0 000 FS FB YO $ % 5 & 6 7