Jorasmi Enterprise Trial Balance as at 31 December 2020 Debit RM Credit RM Particulars Inventory of raw materials 1 Jan 2020 Inventory of finished goods 1 Jan 2020 Work in progress 1 Jan 2020 Wages (direct RM180,000, factory indirect RM145,000) Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost RM280,000) Administration computers (cost RM20,000) General factory expenses Lighting Factory power Administration salaries Sales representative salaries Commission on sales Rent Insurance General administration expenses Bank charges Discount allowed Carriage outwards Sales Account receivable and accounts payable 21,000 38,900 13,500 325,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 1,000,000 64,000 142,300 16,800 1,500 60,000 Bank Cash Drawings Capital as at 1 Jan 2020 357,800 1,421,800 1,421,800 TOTAL

Jorasmi Enterprise Trial Balance as at 31 December 2020 Debit RM Credit RM Particulars Inventory of raw materials 1 Jan 2020 Inventory of finished goods 1 Jan 2020 Work in progress 1 Jan 2020 Wages (direct RM180,000, factory indirect RM145,000) Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost RM280,000) Administration computers (cost RM20,000) General factory expenses Lighting Factory power Administration salaries Sales representative salaries Commission on sales Rent Insurance General administration expenses Bank charges Discount allowed Carriage outwards Sales Account receivable and accounts payable 21,000 38,900 13,500 325,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 1,000,000 64,000 142,300 16,800 1,500 60,000 Bank Cash Drawings Capital as at 1 Jan 2020 357,800 1,421,800 1,421,800 TOTAL

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Description: rnovil8j8jhia898nvne1h7r/fbjfrrh4a1bej9uaegdje3e52rh5ri6t/1612058850000/drive/171896435987361 / 680%Tutorial 11Submission date: 1 February 2021 before 12.00pm1.Jorasmi EnterpriseTrial Balance as at 31 December 2020DebitRMCreditRMParticularsInventory

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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SHAMROCK COMPANY Balance Sheet (Partial) For the Year Ended June 30, 2022 ASSETS $ $ $
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Trial Balance as at 31 December 2022 of Kamagong Enterprise. wwwwwwvervo Inventory of raw materials 01/01/2022 Inventory of finished goods 01/01/2022 Work in progress 01/01/2022 Wages (direct P180, 000; factory indirect P145, 000) Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost P280,000) Administration computers (cost P20,000) General factory expenses Lighting Factory power Administration salaries Sales reps' salaries Commission on sales Rent Insurance General administration expenses Bank charges Discounts allowed Carriage outwards Sales Trade receivables and trade payables Bank Cash Drawings Capital as at 01/01/2022 Debit 21,000 38,900 13,500 325,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 142,300 16,800 1,500 60,000 1,421,800 Notes at 31/12/2022: . Inventory of raw materials P 24,000; inventory of finished goods P 40,000; work in progress P 15,000. Lighting,…
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Jorasmi Enterprise Trial Balance as at 31 December 2020 Particulars Debit Credit RM RM Inventory of raw materials 1 Jan 2020 Inventory of finished goods 1 Jan 2020 Work in progress 1 Jan 2020 Wages (direct RM180,000, factory indirect RM145,000) Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost RM280,000) Administration computers (cost RM20,000) General factory expenses Lighting Factory power Administration salaries Sales representative salaries Commission on sales Rent Insurance General administration expenses Bank charges Discount allowed Carriage outwards Sales Account receivable and accounts payable Bank Cash 21,000 38,900 13,500 325,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 1,000,000 64,000 142,300 16,800 1,500 60,000 Drawings Capital as at 1 Jan 2020 357,800 TOTAL 1,421,800 1,421,800
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