The following accounts balances are taken from the accounting books of Cafe Tenang Enterprise as at...

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The following accounts balances are taken from the accounting books of Cafe Tenang Enterprise as at 30th June 2020. ITEM Motor vehicle Office Equipment Furniture Cash in hand Cash at bank Stock as 1st July 2020 Accumulated Depreciation Miscellaneous expenses Bad Debt Rental Discount Debtor and Creditor Freight outwards Freight inwards - Commission Provision for doubtful debt Sales and purchases Insurance Return Utilities Salary Capital Drawings Motor Vehicle Office Equipent Furniture Additional information: 1. Stock as at 30th June 2020 RM4,158. 2. Bad debt to be written off is RM150. 3. Provision for doubtful debt is 5% on net debtor. DEBIT (RM) CREDIT (RM) 7,500 5,800 3,400 2,100 1,875 3,875 465 529 317 265 4,950 437 322 28,569 694 128 867 2,957 4,189 69,239 2,100 580 170 172 2,754 1,294 455 41,149 136 20,429 69,239 4. Accrued commission of RM245 was identified. 5. Bad debt recovered by cheque was recorded at RM150. 6. Prepaid insurance RM105. 7. Accrued expenses : a. Rental RM33 b. Utilities RM93 8. Depreciation a. Straight line method (20% per annum) for motor vehicle. b. Reducing balance method (10% per annum) for furniture and office equipment. b. Statement of Financial Position as at 30th June 2020. The following accounts balances are taken from the accounting books of Cafe Tenang Enterprise as at 30th June 2020. ITEM Motor vehicle Office Equipment Furniture Cash in hand Cash at bank Stock as 1st July 2020 Accumulated Depreciation Miscellaneous expenses Bad Debt Rental Discount Debtor and Creditor Freight outwards Freight inwards - Commission Provision for doubtful debt Sales and purchases Insurance Return Utilities Salary Capital Drawings Motor Vehicle Office Equipent Furniture Additional information: 1. Stock as at 30th June 2020 RM4,158. 2. Bad debt to be written off is RM150. 3. Provision for doubtful debt is 5% on net debtor. DEBIT (RM) CREDIT (RM) 7,500 5,800 3,400 2,100 1,875 3,875 465 529 317 265 4,950 437 322 28,569 694 128 867 2,957 4,189 69,239 2,100 580 170 172 2,754 1,294 455 41,149 136 20,429 69,239 4. Accrued commission of RM245 was identified. 5. Bad debt recovered by cheque was recorded at RM150. 6. Prepaid insurance RM105. 7. Accrued expenses : a. Rental RM33 b. Utilities RM93 8. Depreciation a. Straight line method (20% per annum) for motor vehicle. b. Reducing balance method (10% per annum) for furniture and office equipment. b. Statement of Financial Position as at 30th June 2020.

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