Prepare a pro forma balance sheet for Restu Berhad for the year 2005. All the relevant information isgiven below:Restu BerhadBalance Sheet As At 31 December 2004 (RM)220,000Cash100,000Accounts payable100,000Marketable securities130,000AccrualsAccounts receivable300,000150,000Notes payableInventories320,000Long term debt470,000Fixed assets (net)850,000Common stock310,000Retained earnings150,000TOTAL ASSETS1,550,000TOTAL LIAB. & EQUITY1,550,000Sales for 2004 were RM10 million and it was expected to increase to RM15 million in 2005.The company is operating at full capacity.iii)Net income for 2004 was RM500,000.iv)Cash dividend for shareholders in 2004 amounted to RM200,000.0

A proforma balance sheet is a tentative balance sheet for the upcoming year that contains the…

Prepare a pro forma balance sheet for Restu Bel given below: Restu Berhad Balance Sheet As At 31 December 2004 (RM) 220,000 Cash 100,000 Accounts payable 100,000 Marketable securities 130,000 Accruals 300,000 Accounts receivable Inventories 150,000 Notes payable 470,000 320,000 Long term debt Fixed assets (net) 850,000 Common stock 310,000 Retained earnings 150,000 TOTAL ASSETS 1,550,000 TOTAL LIAB. & EQUITY 1,550,000 Sales for 2004 were RM10 million and it was expected to increase to RM15 million in 2005. The company is operating at full capacity. ii) iii) Net income for 2004 was RM500,000. iv) Cash dividend for shareholders in 2004 amounted to RM200,000.

Prepare a pro forma balance sheet for Restu Bel given below: Restu Berhad Balance Sheet As At 31 December 2004 (RM) 220,000 Cash 100,000 Accounts payable 100,000 Marketable securities 130,000 Accruals 300,000 Accounts receivable Inventories 150,000 Notes payable 470,000 320,000 Long term debt Fixed assets (net) 850,000 Common stock 310,000 Retained earnings 150,000 TOTAL ASSETS 1,550,000 TOTAL LIAB. & EQUITY 1,550,000 Sales for 2004 were RM10 million and it was expected to increase to RM15 million in 2005. The company is operating at full capacity. ii) iii) Net income for 2004 was RM500,000. iv) Cash dividend for shareholders in 2004 amounted to RM200,000.

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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