Question: Please answer in text(without image) it is easy to copy The following information relates to Tako: i. On 1 July 2020, Tako began to let

Please answer in text(without image) it is easy to copy

Please answer in text(without image) it is easy to copy The following

The following information relates to Tako: i. On 1 July 2020, Tako began to let out its property for a monthly rent of RM15,000. As of 30 April 2021, rent of 2 months remained outstanding. ii. On 1 May 2020. Tako had a prepaid insurance of RM9,000. On 1 September 2020. Tako renewed its insurance policy and made a payment of RM37,200 for insurance service period between 1 September 2020 and 31 August 2021. Required: Prepare the following for the month of April 2021: a) Rent account (3 marks) b) Insurance account (3 marks) c) (3 marks) Statement of profit or loss (extract) Statement of financial position (extract) c)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please answer in text (without image ) it is easy to copy, show all working The comparative statements of financial position for Sarah Production Ltd include the following information 2020 31...

I think it is demanding journal entry, if yes, then every entry must have narration please answer in text (without image) it is easy to copy Question 1 [10 marks] Ahmad Enterprise is a furniture shop...

every entry should have narration , please, and please answer in text (without image), It is easy to copy Paver Corporation, a publicly traded company, was organized on January 1, 2018. It is...

(A) The following information relates to Tako: i. On 1 July 2020, Tako began to let out its property for a monthly rent of RM15,000. As of 30 April 2021, rent of 2 months remained outstanding. ii. On...

Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...

I have included the question as a word file. I also added text from the chapter in case it might help. c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS...

i already got an answer to this but it was in correct can someone please help me do this in proper format thank you so much! instructions Transactions Additional Information Lenny's Lawn Service,...

In the arrangement shown in the figure below, a mass M is bung from a thing that passes over a pulley linear density (mass per nod length) of the string is 0.002 kg/m. The vibrator has a single...

The following CVP income statements are available for Baxter Company and Donaldson Company. Instructions: a. Compute the degree of operating leverage for each company. b. Prepare a CVP income...

Which of the following is an investing activity of a business?Group of answer choicesBorrowing money from a bankSelling equipment for cashPaying wages to employeesPaying for utility bills

In this problem, we revisit the chart from Problem 9 . The chart in Problem 9 could mislead an audience about trends related to the positivity rate for COVID - 1 9 tests in Ohio between April and...

Define workplace bullying. What are the basic forms of workplace bullying?

Explain the focus of safety programs.

Describe the consequences of musculoskeletal disorders.