Below is the extract trial balance of Singly Enterprise. Singly Enterprise Extract Trial Balance as at 30 November 2021 Details Debit (RM) Credit (RM) 45,000 Salaries and wages Interest on bank loan 850 Interest on bank overdraft 200 46,000 Commissions received Rental 12,000 22,000 Additional information: 1. RM2,000 of the salaries & wages was paid in advance for December 2021. 2. Interest on bank overdraft of RM 150 was not yet paid.
Below is the extract trial balance of Singly Enterprise. Singly Enterprise Extract Trial Balance as at 30 November 2021 Details Debit (RM) Credit (RM) 45,000 Salaries and wages Interest on bank loan 850 Interest on bank overdraft 200 46,000 Commissions received Rental 12,000 22,000 Additional information: 1. RM2,000 of the salaries & wages was paid in advance for December 2021. 2. Interest on bank overdraft of RM 150 was not yet paid.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Below is the extract trial balance of Singly Enterprise.
Singly Enterprise
Extract Trial Balance as at 30 November 2021
Details
Debit (RM) Credit (RM)
45,000
Salaries and wages
Interest on bank loan
850
Interest on bank overdraft
200
46,000
Commissions received
Rental
12,000
22,000
Additional information:
1. RM2, 000 of the salaries &wages was paid in advance for December 2021.
2. Interest on bank overdraft of RM 150 was not yet paid.
3. RM 12,000 of the commissions was received in advance for December 2021.
4. Dividends RM5,000 from investment in Amanah Saham Nasional was yet to be
received.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F356f7170-0aa9-429d-a76c-eee9f02e4304%2F5ecb619f-6a8f-4b79-8dfc-e1a64c5b7522%2Ff7e3zqc_processed.png&w=3840&q=75)
Transcribed Image Text:Below is the extract trial balance of Singly Enterprise.
Singly Enterprise
Extract Trial Balance as at 30 November 2021
Details
Debit (RM) Credit (RM)
45,000
Salaries and wages
Interest on bank loan
850
Interest on bank overdraft
200
46,000
Commissions received
Rental
12,000
22,000
Additional information:
1. RM2, 000 of the salaries &wages was paid in advance for December 2021.
2. Interest on bank overdraft of RM 150 was not yet paid.
3. RM 12,000 of the commissions was received in advance for December 2021.
4. Dividends RM5,000 from investment in Amanah Saham Nasional was yet to be
received.
![Required:
a) State the adjusting entries.
b) Prepare adjusted Income Statement and Statement of Financial Position (extract)
as at 30 November 2021.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F356f7170-0aa9-429d-a76c-eee9f02e4304%2F5ecb619f-6a8f-4b79-8dfc-e1a64c5b7522%2Fuixxea8_processed.png&w=3840&q=75)
Transcribed Image Text:Required:
a) State the adjusting entries.
b) Prepare adjusted Income Statement and Statement of Financial Position (extract)
as at 30 November 2021.
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