The following information is taken from the book of Barreto Resources Berhad for the month of...

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The following information is taken from the book of Barreto Resources Berhad for the month of June 2019. Cash Accounts Receivable Prepaid Insurance Prepaid Rent Supplies Equipment Vehicle Accounts Payable Unearned Revenue Ghani, Capital Ghani, Withdrawals Revenue Salaries Expense Rent Expense Vehicle Maintenance Insurance Expense Barreto Resources Berhad Unadjusted Trial Balance as at 30 June 2019 Debit (RM) 5,822 2,867 380 200 2,000 3,600 7,200 2,000 5,385 1,350 580 380 31,764 Credit (RM) 420 1,690 15,034 14,620 2. Depreciation for equipment and vehicle are at the rate of 10% per annum. 3. Salaries due, RM1,500 has not been recorded yet. 4. Unrecorded interest earned from fixed deposit is RM100. 31,764 Additional information: 1. Supplies has a balance of RM340 on 1 June 2019. Purchases of supplies during the month amounting to RM1,660. Balance as at 30 June 2019 is RM152. 5. Service for unearned revenue has already been performed. 6. Services totaling RM800 have been performed but invoice has not yet been issued. REQUIRED: (a) Prepare the journal entries to record all adjustments for the month of June 2019. (Explanation is not required). BKAF1023 FOUNDATION OF FINANCIAL ACCOUNTING (b) Prepare the Adjusted Trial Balance as at 30 June 2019. (6 Marks) (c) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the month ended 30 June 2019. (6 Marks) (d) Prepare the Statement of Financial Position as at 30 June 2019. (5 Marks) The following information is taken from the book of Barreto Resources Berhad for the month of June 2019. Cash Accounts Receivable Prepaid Insurance Prepaid Rent Supplies Equipment Vehicle Accounts Payable Unearned Revenue Ghani, Capital Ghani, Withdrawals Revenue Salaries Expense Rent Expense Vehicle Maintenance Insurance Expense Barreto Resources Berhad Unadjusted Trial Balance as at 30 June 2019 Debit (RM) 5,822 2,867 380 200 2,000 3,600 7,200 2,000 5,385 1,350 580 380 31,764 Credit (RM) 420 1,690 15,034 14,620 2. Depreciation for equipment and vehicle are at the rate of 10% per annum. 3. Salaries due, RM1,500 has not been recorded yet. 4. Unrecorded interest earned from fixed deposit is RM100. 31,764 Additional information: 1. Supplies has a balance of RM340 on 1 June 2019. Purchases of supplies during the month amounting to RM1,660. Balance as at 30 June 2019 is RM152. 5. Service for unearned revenue has already been performed. 6. Services totaling RM800 have been performed but invoice has not yet been issued. REQUIRED: (a) Prepare the journal entries to record all adjustments for the month of June 2019. (Explanation is not required). BKAF1023 FOUNDATION OF FINANCIAL ACCOUNTING (b) Prepare the Adjusted Trial Balance as at 30 June 2019. (6 Marks) (c) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the month ended 30 June 2019. (6 Marks) (d) Prepare the Statement of Financial Position as at 30 June 2019. (5 Marks)

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Step 1 Adjusting entriesrefer to thejournal entriestha... View the full answer