Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Debit RM Credit RM Delivery van expenses 1,760 Lighting and heating: Factory Office 7,220 1,490 Manufacturing wages 72,100 General expenses: Factory Office 8,100 1,940 Sales representatives : Commission 11,688 Purchase of raw materials 57,210 Rent: Factory Office 6,100 2,700 Machinery (Cost : RM40,000) 28,600 Office equipment ( RM9,000) 8,200 Office salaries 17,740 Accounts receivables 34,200 Account payables 9,400 Bank 16,142 Sales 194,800 Van (cost RM6,800) 6,200 Inventory at 31 December 2020: Raw materials Finished goods 13,260 41,300 Drawings 24,200 Capital 155,950 TOTAL 360,150 360,150 Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information: i. Inventory at 31 December 2020: a. Raw materials RM14,510 b. Finished goods RM44,490 ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 iii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent prepaid RM140 Required: c) Prepare statement of financial position as at 31 December 2020.
Eng Tat is a manufacturer. His
Particulars Debit
RM
Credit
RM
Delivery van expenses 1,760
Lighting and heating:
Factory
Office
7,220
1,490
Manufacturing wages 72,100
General expenses:
Factory
Office
8,100
1,940
Sales representatives : Commission 11,688
Purchase of raw materials 57,210
Rent:
Factory
Office
6,100
2,700
Machinery (Cost : RM40,000) 28,600
Office equipment ( RM9,000) 8,200
Office salaries 17,740
Account payables 9,400
Bank 16,142
Sales 194,800
Van (cost RM6,800) 6,200
Inventory at 31 December 2020:
Raw materials
Finished goods
13,260
41,300
Drawings 24,200
Capital 155,950
TOTAL 360,150 360,150
Prepared by: Puan Siti Nor Junita Mohd Radzi
Additional information:
i. Inventory at 31 December 2020:
a. Raw materials RM14,510
b. Finished goods RM44,490
ii.
iii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent
prepaid RM140
Required:
c) Prepare
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