Income statement? Ali Mamat EnterpriseTrial Balance as at 31 December 2019Debit (RM) Credit (RM)190,576ParticularsSalesPurchasesSalariesMotor expensesRent119,83256,5272,4161,894Insurance372General expensesPremisesMotor vehiclesAccount receivablesAccount payableCash at bankCash in handDrawingsCapital8595,42016,59426,74016,52416,5193428,425138,066345.166TOTAL345.166

Formula: Net income = Total Revenues - Total Expenses

Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor expenses Rent Debit (RM) Credit (RM) 190,576 119,832 56,527 2,416 1,894 372 85 95,420 16,594 Insurance General expenses Premises Motor vehicles

Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor expenses Rent Debit (RM) Credit (RM) 190,576 119,832 56,527 2,416 1,894 372 85 95,420 16,594 Insurance General expenses Premises Motor vehicles

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

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...

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