Ending inventory - RM 6,300 QUESTION 1) Prepare statement of comprehensive Haura Design CompanyAdjusted Trial Balanceas at Jun 30, 2020Debit (RM) Credit (RM)Cash ( 21,200 – 150 )21,050Accounts Receivable ( 6,500 + 200 – 400 )6,300Inventory as at July 1 , 20195,000Accounts Payable18,000Vehicles80,000Accumulated Depreciation - Vehicles(16,000 + 16,000)Capital , Haura32,00051,800Drawings , Haura (1,000 + 150 )Freight-in1,150800Freight-out1,600Purchase Insurance500Sales Returns and Allowances2,100Purchase Returns and Allowances ( 2,200 – 200 )Sales Discounts2,000500Purchase Discounts ( 1,200 + 200 )1,400Sales ( 70,000 + 200 )70,200Purchases35,000Insurance Expense ( 1,800 – 1,200 )600Interest Revenue1,100|Salaries Expense ( 5,500 + 500 )6,000Rental Revenue (1,200 – 400 )800Salaries PayablePrepaid Insurance|Unearned Rental Revenue5001,200400Bad Debts Expense400Depreciation Expense - Vehicle16,000ТОТAL178,200178,200

Statement of comprehensive income is one of the financial statement of business, which shows all…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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