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The following are the accounts' balances of FNS Sdn. Bhd. at the end of June 2021. Accounts Sales Purchases...

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The following are the accounts' balances of FNS Sdn. Bhd. at the end of June 2021. Accounts Sales Purchases Inventory, 1 July 2020 Carriage inwards Carriage outwards Sales return and allowances Sales discount Purchase return and allowances Purchase discount Advertising expenses Rental expenses Miscellaneous expenses Salaries expenses Capital Withdrawals Cash at bank Accounts receivable Motor vehicle Accumulated depreciation-Motor vehicle Balances (RM) 302,316 194,870 56,912 1,291 1,255 1,444 1,575 1,638 1,160 3,494 4,578 5,618 10,977 112,875 840 55,650 12,250 80,850 10,780 Accounts payable Closing inventory was valued at RM12,450. The additional information as at 30 June 2021: 2,835 i. Utilities accrued was RM525. ii. Rent prepaid was RM1,050. iii. Annual depreciation was calculated for the motor vehicle based on a straight line method with 15 years of useful life. No scrap value. You are required to prepare the following for FNS Sdn. Bhd.: a. Adjusted trial Balance as at 30 June 2021 after considering the additional information. a. Statement of Comprehensive Income for the year ended 30 June 2021 a. Statement of Financial Position as at 30 June 2021.

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College Accounting A Contemporary Approach

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: January 13, 2023 04:33:00
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance

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