Trial Balance for Company A on 30 Dec 2021Purchases and salesPurchase returns and salesreturnsDiscounts given anddiscounts receivedCapitalDrawingsAccounts Receivable andAccounts PayableLandOffice EquipmentAccumulated Depreciation -Office EquipmentVehicleAccumulated Depreciation -VehicleInitial stock on 1 Jan 2021Old DebtInbound transportationOutbound TransportationRentCustoms Duty on purchaseElectricity and waterSalaryAdvertisingCommission receivedLoan from the bankInsuranceInterest on loanCashBankTotalDebit (RM)530'0002500500350045'850450'00052'00068'00045'00032701400350014'6006700366060'00028'4002500a. Vehicle - RM10,200b. Office Equipment - RM5,2004. Prepaid expenses:a. Salary and wages - RM2,700b. Rent - RM1,100120031'20085'3201'449'100Additional information to consider:Credit (RM)c. Outbound transport - RM 3205. The final stock on 30 Dec 2021 is RM32,600750'0002700570545'0003874023'9006500169080'0001. Company owner Mr. Aziz has taken cash of RM1,000 for own use where not recordedanywhere.2. Accrued expenses:a. Advertising - RM1,280b. Electricity and water - RM 600c. Loan interest for a year - RM4,1103. Depreciation:1'449'100 QUESTIONS1. Shows the Journal entry for additional information above (Items 1-4).2. Prepare an Adjusted Trial Balance on 31 Dec 2021

1. Drawing a/c Dr. 1000 To Cash a/c. 1000 (Being cash…

Trial Balance for Company A on 30 Dec 2021 Purchases and sales. Purchase returns and sales returns Discounts given and discounts received Capital Drawings Accounts Receivable and Accounts Payable Land Office Equipment Accumulated Depreciation - Office Equipment Vehicle Accumulated Depreciation - Vehicle Initial stock on 1 Jan 2021 Old Debt Inbound transportation Outbound Transportation Rent Customs Duty on purchase Electricity and water Salary Debit (RM) 530'000 2500 500 3500 45'850 450'000 52'000 68'000 45'000 3270 1400 3500 14'600 6700 3660 60'000 Credit (RM) 750'000 2700 570 545'000 38 740 23'900 6500

Trial Balance for Company A on 30 Dec 2021 Purchases and sales. Purchase returns and sales returns Discounts given and discounts received Capital Drawings Accounts Receivable and Accounts Payable Land Office Equipment Accumulated Depreciation - Office Equipment Vehicle Accumulated Depreciation - Vehicle Initial stock on 1 Jan 2021 Old Debt Inbound transportation Outbound Transportation Rent Customs Duty on purchase Electricity and water Salary Debit (RM) 530'000 2500 500 3500 45'850 450'000 52'000 68'000 45'000 3270 1400 3500 14'600 6700 3660 60'000 Credit (RM) 750'000 2700 570 545'000 38 740 23'900 6500

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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