2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEBIT (RM) 12,000 4,800 16,000 CREDIT (RM) Insurance Water and electricity Wages and salaries Rental income 9,900 6,000 Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid. Required: Prepare the Statement of Profit or Loss and Other Comprehensive Income extracts) for the year ended 31 October 2019 repare Statement of Financial Position (extracts) as at 31 October 2019 РОСО SHOT ON POCO F2 PRO
2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEBIT (RM) 12,000 4,800 16,000 CREDIT (RM) Insurance Water and electricity Wages and salaries Rental income 9,900 6,000 Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid. Required: Prepare the Statement of Profit or Loss and Other Comprehensive Income extracts) for the year ended 31 October 2019 repare Statement of Financial Position (extracts) as at 31 October 2019 РОСО SHOT ON POCO F2 PRO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a)Journal entries
b) Ledger entries
![d) Rent received: Received RM400 in 2019; amount received in advance as at 31
December 2019 was RM100
2. The following balances were extracted from the ledger of CTSH Trading as at 31
October 2019.
DEBIT (RM)
12,000
4,800
16,000
CREDIT (RM)
Insurance
Water and electricity
Wages and salaries
Rental income
9,900
6,000
Interest income
Prepaid insurance as at 1 Nov 2018
Accrued wages and salaries as at 1 Nov 2018
Accrued rental income as at 1 Nov 2018
1,500
2,000
1,800
The following adjustment were to be made on 31 October 2019:
a) RM1,800 of wages and salaries was not paid
b) Prepaid insurance amounted to RM1,000
c) RM500 of the interest income was not received
d) RM900 of the rent income was for November 2019
e) Water and electricity bills for RM800 were not paid.
Required:
Prepare the Statement of Profit or Loss and Other Comprehensive Income
extracts) for the year ended 31 October 2019
POCO
SHOT ON POCO F2 PRO
Statement of Financial Position (extracts) as at 31 October 2019](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95f70768-81a1-4bf6-a1f6-73b0d3da9277%2F9be79965-30ee-44af-97ad-674912ee9aa3%2F56odkkt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:d) Rent received: Received RM400 in 2019; amount received in advance as at 31
December 2019 was RM100
2. The following balances were extracted from the ledger of CTSH Trading as at 31
October 2019.
DEBIT (RM)
12,000
4,800
16,000
CREDIT (RM)
Insurance
Water and electricity
Wages and salaries
Rental income
9,900
6,000
Interest income
Prepaid insurance as at 1 Nov 2018
Accrued wages and salaries as at 1 Nov 2018
Accrued rental income as at 1 Nov 2018
1,500
2,000
1,800
The following adjustment were to be made on 31 October 2019:
a) RM1,800 of wages and salaries was not paid
b) Prepaid insurance amounted to RM1,000
c) RM500 of the interest income was not received
d) RM900 of the rent income was for November 2019
e) Water and electricity bills for RM800 were not paid.
Required:
Prepare the Statement of Profit or Loss and Other Comprehensive Income
extracts) for the year ended 31 October 2019
POCO
SHOT ON POCO F2 PRO
Statement of Financial Position (extracts) as at 31 October 2019
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