Question 1

Using the following accounts in Table (1) below, prepare a Balance Sheet for Bills Bath Shoppe as at 31.12.2020.

Cash	RM 5,400	Mortgage Payable	RM 13,400
Office Equipment	RM 10, 400	Inventory	RM 3,200
Capital	RM 25,698	Supplies	RM 1,298
Notes Payable	RM 1,800	Accounts Payable	RM 500
Building	RM 20,800	Prepaid Insurance	RM 300

Question 2

Using the following accounts in Table (2) below, prepare a Balance Sheet for as at 31.12.2020.

Cash	RM 15, 456	Mortgage Payable	RM 14,400
Office Equipment	RM 10, 400	Inventory	RM 13,200
Capital	RM 125,698	Supplies	RM 1,298
Notes Payable	RM 11,856	Accounts Payable	RM 10,500
Building	RM 120,800	Prepaid Insurance	RM 1300

After you have prepared the BALANCE SHEET from Table (2), determine the total value for:

1. Current Assets
2. Fixed Assets
3. Total Assets
4. Total Current Liabilities
5. Total Owners Equity

Question 3

Using the following accounts in Table (3) below, prepare a Balance Sheet for as at 31.10.2020.

Capital	RM 33,879	Accounts Payable	RM 6594
Cash	RM 100	Drawing	RM 4000
Account Receivable	RM 6650	Inventory	RM 6388
Furniture	RM 2950	Vehicles	RM 4600
Land	RM 25,800	Net Profit	RM 6895
Bank Overdraft	RM 1200	Mortgage	RM 1920