HAURA DESIGN COMPANY TRIAL BALANCE AS AT 30 JUNE 2020 Accounts Debit Credit RM RM Cash 21,050 6,300 5,000 Accounts Receivable Inventory Accounts Payable 18,000 Vehicles 80,000 Accumulated Depreciation -Vehicles Humaira Capital Humaira Drawings Freight In Freight Out 32,000 51,800 1,150 800 1,600 Purchase Insurance 500 Sales Return and Allowances 2,100 Purchase Return and Allowances 2,000 Sales Discount 500 Purchase Discount 1400 Sales 70,200 Purchases 35,000 Insurance Expense Interest Revenue 600 1,100 Salaries Expense 6,000 Rental Revenue 800 Depreciation Expense-Vehicle Bad Debt Expense Prepaid Insurance Salaries Payable Unearned Rental Revenue 16,000 400 1,200 500 400 178,200 178,200 Additional Informations: 1. Inventory as at June 30, 2020 is RM6,300. 2. Net income = RM 13,300 Required : 1. Prepare a Statement of Owner's Equity for the year ended June 30, 2020. 2. Prepare a Statement of Financial Position as at June 30, 2020.
HAURA DESIGN COMPANY TRIAL BALANCE AS AT 30 JUNE 2020 Accounts Debit Credit RM RM Cash 21,050 6,300 5,000 Accounts Receivable Inventory Accounts Payable 18,000 Vehicles 80,000 Accumulated Depreciation -Vehicles Humaira Capital Humaira Drawings Freight In Freight Out 32,000 51,800 1,150 800 1,600 Purchase Insurance 500 Sales Return and Allowances 2,100 Purchase Return and Allowances 2,000 Sales Discount 500 Purchase Discount 1400 Sales 70,200 Purchases 35,000 Insurance Expense Interest Revenue 600 1,100 Salaries Expense 6,000 Rental Revenue 800 Depreciation Expense-Vehicle Bad Debt Expense Prepaid Insurance Salaries Payable Unearned Rental Revenue 16,000 400 1,200 500 400 178,200 178,200 Additional Informations: 1. Inventory as at June 30, 2020 is RM6,300. 2. Net income = RM 13,300 Required : 1. Prepare a Statement of Owner's Equity for the year ended June 30, 2020. 2. Prepare a Statement of Financial Position as at June 30, 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:HAURA DESIGN COMPANY
TRIAL BALANCE
AS AT 30 JUNE 2020
Accounts
Debit
Credit
RM
RM
Cash
21,050
Accounts Receivable
6,300
5,000
Inventory
Accounts Payable
18,000
Vehicles
80,000
Accumulated Depreciation -Vehicles
Humaira Capital
Humaira Drawings
Freight In
Freight Out
32,000
51,800
1,150
800
1,600
Purchase Insurance
500
Sales Return and Allowances
2,100
Purchase Return and Allowances
2,000
Sales Discount
500
Purchase Discount
1400
Sales
70,200
Purchases
35,000
Insurance Expense
600
Interest Revenue
1,100
Salaries Expense
6,000
Rental Revenue
800
Depreciation Expense-Vehicle
Bad Debt Expense
Prepaid Insurance
Salaries Payable
Unearned Rental Revenue
16,000
400
1,200
500
400
178,200
178,200
Additional Informations :
1. Inventory as at June 30, 2020 is RM6,300.
2. Net income = RM 13,300
Required :
1. Prepare a Statement of Owner's Equity for the year ended June 30, 2020.
2. Prepare a Statement of Financial Position as at June 30, 2020.
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