5/48 3 Ramla has calculated her draft profit figure for the year ended 28 February 2023. Adjustments in Ramla's ledger accounts have still to be made for the following items. 1 An amount of $99 owed to Ramla by Mai is to be written off as irrecoverable. 2 Fixtures and fittings, $875, were purchased on credit from Padma. 3 A loan repayment, $500, had been incorrectly recorded as loan interest. 4 Rent paid, $350, had been recorded as $530. 5 Drawings, $120, had been debited to the wages account. REQUIRED (a) Prepare the journal entries required for items 1-5. Narratives are not required. Item number Ramla Journal Details Debit Credit $ $ [10] (b) Complete the following table by entering the arrunt of each adjustmt required to calculate
5/48 3 Ramla has calculated her draft profit figure for the year ended 28 February 2023. Adjustments in Ramla's ledger accounts have still to be made for the following items. 1 An amount of $99 owed to Ramla by Mai is to be written off as irrecoverable. 2 Fixtures and fittings, $875, were purchased on credit from Padma. 3 A loan repayment, $500, had been incorrectly recorded as loan interest. 4 Rent paid, $350, had been recorded as $530. 5 Drawings, $120, had been debited to the wages account. REQUIRED (a) Prepare the journal entries required for items 1-5. Narratives are not required. Item number Ramla Journal Details Debit Credit $ $ [10] (b) Complete the following table by entering the arrunt of each adjustmt required to calculate
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![5/48
3
Ramla has calculated her draft profit figure for the year ended 28 February 2023.
Adjustments in Ramla's ledger accounts have still to be made for the following items.
1 An amount of $99 owed to Ramla by Mai is to be written off as irrecoverable.
2 Fixtures and fittings, $875, were purchased on credit from Padma.
3 A loan repayment, $500, had been incorrectly recorded as loan interest.
4 Rent paid, $350, had been recorded as $530.
5 Drawings, $120, had been debited to the wages account.
REQUIRED
(a) Prepare the journal entries required for items 1-5. Narratives are not required.
Item
number
Ramla
Journal
Details
Debit
Credit
$
$
[10]
(b) Complete the following table by entering the arrunt of each adjustmt required to calculate](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F952b7a64-d9af-467b-a14e-2251ba808b85%2Fe86441a6-c710-4bd2-8bb8-8aa339b8c58d%2Fi3vxmp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5/48
3
Ramla has calculated her draft profit figure for the year ended 28 February 2023.
Adjustments in Ramla's ledger accounts have still to be made for the following items.
1 An amount of $99 owed to Ramla by Mai is to be written off as irrecoverable.
2 Fixtures and fittings, $875, were purchased on credit from Padma.
3 A loan repayment, $500, had been incorrectly recorded as loan interest.
4 Rent paid, $350, had been recorded as $530.
5 Drawings, $120, had been debited to the wages account.
REQUIRED
(a) Prepare the journal entries required for items 1-5. Narratives are not required.
Item
number
Ramla
Journal
Details
Debit
Credit
$
$
[10]
(b) Complete the following table by entering the arrunt of each adjustmt required to calculate
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