2. Big Splash Enterprise pays rental for office by cheque quarterly in advance. The followings are the transactions during the financial year ended 30 April 2020: Payment date Amount paid (RM)| Period of rentalil 3 April 2019 1 April 2019 to 30 June 2019 1 July 2019 to 30 September 2019 1 October 2019 to 31 December 2019 1 January 2020 to 31 March 2020 1 April 2020 to 30 June 2020 10,500 15 July 2019 13,500 8 October 2019 13,500 27 December 2019 14,100 5 April 2020 14,100 Required: a. Show the entries in the ledger accounts for the year ended 30 April 2020. b. Show the Profit or Loss and Other Comprehensive Income (extract) for the year ended 30 April 2020 and the Statement of Financial position (extract) as at 30 April 2020.
2. Big Splash Enterprise pays rental for office by cheque quarterly in advance. The followings are the transactions during the financial year ended 30 April 2020: Payment date Amount paid (RM)| Period of rentalil 3 April 2019 1 April 2019 to 30 June 2019 1 July 2019 to 30 September 2019 1 October 2019 to 31 December 2019 1 January 2020 to 31 March 2020 1 April 2020 to 30 June 2020 10,500 15 July 2019 13,500 8 October 2019 13,500 27 December 2019 14,100 5 April 2020 14,100 Required: a. Show the entries in the ledger accounts for the year ended 30 April 2020. b. Show the Profit or Loss and Other Comprehensive Income (extract) for the year ended 30 April 2020 and the Statement of Financial position (extract) as at 30 April 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. Big Splash Enterprise pays rental for office by cheque quarterly in advance. The followings are the transactions
during the financial year ended 30 April 2020:
IPayment date Amount paid (RM).
Period of rental
1 April 2019 to 30 June 2019
1 July 2019 to 30 September 2019
1 October 2019 to 31 December 2019
1 January 2020 to 31 March 2020
1 April 2020 to 30 June 2020
3 April 2019
10,500
15 July 2019
8 October 2019
27 December 2019
13,500
13,500
14,100
5 April 2020
14,100
Required:
a. Show the entries in the ledger accounts for the year ended 30 April 2020.
b. Show the Profit or Loss and Other Comprehensive Income (extract) for the year ended 30 April 2020 and the
Statement of Financial position (extract) as at 30 April 2020.
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