4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Debit RM Credit RM Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory 1,760 7,220 1,490 72,100 Office Sales representatives : Commission Purchase of raw materials Rent: 8,100 1,940 11,688 57,210 6,100 2,700 28,600 8,200 17,740 34,200 Factory Office Machinery (Cost: RM40,000) Office equipment (RM9,000) Office salaries Accounts receivables Account payables Bank Sales Van (cost RM6,800) Inventory at 34 December 2020: Raw materials Finished goods Drawings Capital 9,400 16,142 194,800 6,200 13,260 41,300 24,200 155,950 TOTAL 360,150 360,150

4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Debit RM Credit RM Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory 1,760 7,220 1,490 72,100 Office Sales representatives : Commission Purchase of raw materials Rent: 8,100 1,940 11,688 57,210 6,100 2,700 28,600 8,200 17,740 34,200 Factory Office Machinery (Cost: RM40,000) Office equipment (RM9,000) Office salaries Accounts receivables Account payables Bank Sales Van (cost RM6,800) Inventory at 34 December 2020: Raw materials Finished goods Drawings Capital 9,400 16,142 194,800 6,200 13,260 41,300 24,200 155,950 TOTAL 360,150 360,150

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Additional information:
i. Inventory at 31 December 2020:
a. Raw materials
b. Finished goods
RM14,510
RM44,490
ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200
jn. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent
prepaid RM140
Required:
a) Prepare statement of cost production for the year ended 31 December 2020.
b) Prepare statement of comprehensive income for the year ended 31 December 2020.
c) Prepare statement of financial position as at 31 December 2020.

4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows:
Particulars
Debit
RM
Credit
RM
0.
Delivery van expenses
Lighting and heating:
Factory
Office
Manufacturing wages
General expenses:
Factory
Office
Sales representatives : Commission
Purchase of raw materials
Rent:
Factory
Office
Machinery (Cost : RM40,000)
Office equipment (RM9,000)
Office salaries
Accounts receivables
Account payables
Bank
Sales
Van (cost RM6,800)
Inventory at 3December 2020:
Raw materials
Finished goods
Drawings
Capital
1,760
7,220
1,490
72,100
8,100
1,940
11,688
57,210
6,100
2,700
28,600
8,200
17,740
34,200
9,400
16,142
194,800
6,200
13,260
41,300
24,200
155,950
360,150 360,150
ТОTAL

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