Ending inventory - RM 6,300 QUESTION 1) Prepare statement of comprehensive
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ending inventory - RM 6,300
QUESTION
1) Prepare statement of comprehensive
![Haura Design Company
Adjusted Trial Balance
as at Jun 30, 2020
Debit (RM) Credit (RM)
Cash ( 21,200 – 150 )
21,050
Accounts Receivable ( 6,500 + 200 – 400 )
6,300
Inventory as at July 1 , 2019
5,000
Accounts Payable
18,000
Vehicles
80,000
Accumulated Depreciation - Vehicles
(16,000 + 16,000)
Capital , Haura
32,000
51,800
Drawings , Haura (1,000 + 150 )
Freight-in
1,150
800
Freight-out
1,600
Purchase Insurance
500
Sales Returns and Allowances
2,100
Purchase Returns and Allowances ( 2,200 – 200 )
Sales Discounts
2,000
500
Purchase Discounts ( 1,200 + 200 )
1,400
Sales ( 70,000 + 200 )
70,200
Purchases
35,000
Insurance Expense ( 1,800 – 1,200 )
600
Interest Revenue
1,100
|Salaries Expense ( 5,500 + 500 )
6,000
Rental Revenue (1,200 – 400 )
800
Salaries Payable
Prepaid Insurance
|Unearned Rental Revenue
500
1,200
400
Bad Debts Expense
400
Depreciation Expense - Vehicle
16,000
ТОТAL
178,200
178,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdbd54559-b8f8-48dc-8091-4a6fa9c3133b%2F501323c8-84e9-4458-acdf-eb0ac635ffa8%2F6bfeyq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Haura Design Company
Adjusted Trial Balance
as at Jun 30, 2020
Debit (RM) Credit (RM)
Cash ( 21,200 – 150 )
21,050
Accounts Receivable ( 6,500 + 200 – 400 )
6,300
Inventory as at July 1 , 2019
5,000
Accounts Payable
18,000
Vehicles
80,000
Accumulated Depreciation - Vehicles
(16,000 + 16,000)
Capital , Haura
32,000
51,800
Drawings , Haura (1,000 + 150 )
Freight-in
1,150
800
Freight-out
1,600
Purchase Insurance
500
Sales Returns and Allowances
2,100
Purchase Returns and Allowances ( 2,200 – 200 )
Sales Discounts
2,000
500
Purchase Discounts ( 1,200 + 200 )
1,400
Sales ( 70,000 + 200 )
70,200
Purchases
35,000
Insurance Expense ( 1,800 – 1,200 )
600
Interest Revenue
1,100
|Salaries Expense ( 5,500 + 500 )
6,000
Rental Revenue (1,200 – 400 )
800
Salaries Payable
Prepaid Insurance
|Unearned Rental Revenue
500
1,200
400
Bad Debts Expense
400
Depreciation Expense - Vehicle
16,000
ТОТAL
178,200
178,200
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