Question: Please help me i will give good rating Here is additional information: 1. Unpaid salary on 31 December 2021 is RM 400 . 2. The

Please help me i will give good rating

Please help me i will give good rating Here is additional information:

Here is additional information: 1. Unpaid salary on 31 December 2021 is RM 400 . 2. The commission of RM1,600 has not been received until December 31 2021. 3. It was found that RM1,500 had been overpaid on advertising expenses. 4. The company has received previous rent of RM1,200. 5. Annual depreciation for vehicles and buildings is as follows the following: a. Vehicle - RM16,000 b. Building - RM 20,000 6. Ending stock is RM20,000 You are wanted: 1. Prepare an income statement for the year ending 2021 for Global Trading. 2. Prepare the balance sheet as of December 31,2021 for GlobalTrading

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 help me i will give good rating (a) Dilam operates in Country ABC and has established the RM as its functional currency. On 20 November 2020, Dilam acquired a piece of machinery from Pika, an...

Please help me i will give good rating Puan Natasha, who runs a clothing apparel shop, Blink Enterprise in Subang Bestari, had the following balances extracted from the books of her business on 31...

please help me i will give good rating A. Delta Bhd, a manufacturer with paid-up share capital of RM3.2 million located in Pulau Pinang. The accounts are closed on 31 December annually and the...

Please answer correct or I will not give a like! Answer correctly onlyyy!!! 1. The following information was extracted from the ledger of Booster-X Sdn Bhd as at 31 December 2021: Credit (RM) 60 000...

Please help me i will give good rating Mr. Anderson is a Swedish citizen working with a multinational company based in Subang Jaya. He has been working with this company since 2002. He is 60 years...

Please help me i will give good rating Maiu Bhd. opening non-current asset register details on 1 January 2021 include the following: Cost Description Accumulated Useful life Depreciation (years)...

Please help me i will give good rating The Arema Group carries on business as a primer distributor of cosmetic products in the country. The Statements of Comprehensive Income of the three companies...

please help me i will give good rating Jimmy Bookstore's cash book (bank column) and bank statement for December 2021 are as given below: Cash Book (Bank Column) RM RM Dec 5 Sales 5,200 Dec 1 Balance...

Please help me i will give good rating 1. The following Trial Balance was extracted from books of Safa Bhd. on 31 December 2020. RM 2,300,000 Safa Bhd. Trial Balance on 31 December 2019 RM Sales...

Please help me i will give good rating, please Given below are the financial statements for the year ended 31 December 2021 for Bumi Bhd., Sun Bhd. and Moon Bhd.: (a) Statements of profit or loss for...

Revenue from gas wells that have been in production for at least 5 years tends to follow a decreasing geometric gradient. One particular rights holder received royalties of $4000 per year for years 1...

What are the uses of index numbers?

37. Show the box plot for the data in exercise 36.

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Describe a persuasive message.

Identify and use the five steps for conducting research.

List the goals of a persuasive message.