5. The following trial balance was extracted from the books of Fasuha Trading as at 31 December 2020. Particulars Debit Credit RM RM | Office equipment Motor vehicles Fumiture Accumulated depreciation as at 1 January 2020: Office equipment Motor vehicles Furniture |Account receivables and account payables Capital |6% loan to Rara Purchases and sales Discount Advertising Cash in hand Provision for doubtful debts Commission received 6% loan from Afina Bank (taken from 1 May 2020) Rent Drawings Maintenance and petrol Staff's wages |Insurance Cash at bank Carriage inwards |Carriage outwards Telephone and electricity Duties on purchases Returns Inventory as at 1 January 2020 12,250 9,150 3,600 2,450 1,373 1,060 3,632 29,608 6,860 2,500 19,110 31,560 215 175 4,250 1,630 300 740 8,000 1,200 1,900 1,260 4,005 1,000 5,270 210 700 250 610 915 110 112 3,415 79,710 79.71Q TOTAL
5. The following trial balance was extracted from the books of Fasuha Trading as at 31 December 2020. Particulars Debit Credit RM RM | Office equipment Motor vehicles Fumiture Accumulated depreciation as at 1 January 2020: Office equipment Motor vehicles Furniture |Account receivables and account payables Capital |6% loan to Rara Purchases and sales Discount Advertising Cash in hand Provision for doubtful debts Commission received 6% loan from Afina Bank (taken from 1 May 2020) Rent Drawings Maintenance and petrol Staff's wages |Insurance Cash at bank Carriage inwards |Carriage outwards Telephone and electricity Duties on purchases Returns Inventory as at 1 January 2020 12,250 9,150 3,600 2,450 1,373 1,060 3,632 29,608 6,860 2,500 19,110 31,560 215 175 4,250 1,630 300 740 8,000 1,200 1,900 1,260 4,005 1,000 5,270 210 700 250 610 915 110 112 3,415 79,710 79.71Q TOTAL
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 17P: On December 31, 2019, Vail Company owned the following assets: Vail computes depreciation and...
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