An adjusted trial balance of Afif & Associates (a legal firm) on 31 October 2021 is as follows: Accounts Debit (RM) Credit (RM) Cash 19,500 Notes Receivable, Short-term 61,000 Rent Receivable 1,500 Office Supplies 13,750 Prepaid Insurance 2,750 Office Equipment 15,000 Accumulated Depreciation – Office Equipment 12,500 Accounts Payable 15,750 Wages Payable 2,250 Unearned Revenue 15,000 Notes Payable, Long-term 25,000 Capital 80,000 Drawings 27,500 Service Revenue 40,250 Rent Revenue 5,500 Wages Expense 38,250 Insurance Expense 6,250 Office Supplies Expense 3,750 Depreciation Expense 2,500 Miscellaneous Expense 4,500 196,250 196,250 REQUIRED: What is the net book value of Office Equipment as at 31 October 2021? Select one: A. RM2,500 B. RM12,500 C. RM27,500 D. RM15,000
An adjusted
|
Accounts |
Debit (RM) |
Credit (RM) |
|
Cash |
19,500 |
|
|
Notes Receivable, Short-term |
61,000 |
|
|
Rent Receivable |
1,500 |
|
|
Office Supplies |
13,750 |
|
|
Prepaid Insurance |
2,750 |
|
|
Office Equipment |
15,000 |
|
|
|
|
12,500 |
|
Accounts Payable |
|
15,750 |
|
Wages Payable |
|
2,250 |
|
Unearned Revenue |
|
15,000 |
|
Notes Payable, Long-term |
|
25,000 |
|
Capital |
|
80,000 |
|
Drawings |
27,500 |
|
|
Service Revenue |
|
40,250 |
|
Rent Revenue |
|
5,500 |
|
Wages Expense |
38,250 |
|
|
Insurance Expense |
6,250 |
|
|
Office Supplies Expense |
3,750 |
|
|
Depreciation Expense |
2,500 |
|
|
Miscellaneous Expense |
4,500 |
|
|
|
196,250 |
196,250 |
REQUIRED:
What is the net book value of Office Equipment as at 31 October 2021?
Select one:
A. RM2,500
B. RM12,500
C. RM27,500
D. RM15,000
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