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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

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
ChapterA2: Comprehensive Case Problems
Section: Chapter Questions
Problem 2.9CCP
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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 Advertising Commission received Loan from the bank Insurance Interest on loan Cash Bank Total 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 28'400 2500 a. Vehicle - RM10,200 b. Office Equipment - RM5,200 4. Prepaid expenses: a. Salary and wages - RM2,700 b. Rent - RM1,100 1200 31'200 85'320 1'449'100 Additional information to consider: Credit (RM) c. Outbound transport - RM 320 5. The final stock on 30 Dec 2021 is RM32,600 750'000 2700 570 545'000 38740 23'900 6500 1690 80'000 1. Company owner Mr. Aziz has taken cash of RM1,000 for own use where not recorded anywhere. 2. Accrued expenses: a. Advertising - RM1,280 b. Electricity and water - RM 600 c. Loan interest for a year - RM4,110 3. Depreciation: 1'449'100
Transcribed Image Text: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 Advertising Commission received Loan from the bank Insurance Interest on loan Cash Bank Total 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 28'400 2500 a. Vehicle - RM10,200 b. Office Equipment - RM5,200 4. Prepaid expenses: a. Salary and wages - RM2,700 b. Rent - RM1,100 1200 31'200 85'320 1'449'100 Additional information to consider: Credit (RM) c. Outbound transport - RM 320 5. The final stock on 30 Dec 2021 is RM32,600 750'000 2700 570 545'000 38740 23'900 6500 1690 80'000 1. Company owner Mr. Aziz has taken cash of RM1,000 for own use where not recorded anywhere. 2. Accrued expenses: a. Advertising - RM1,280 b. Electricity and water - RM 600 c. Loan interest for a year - RM4,110 3. Depreciation: 1'449'100
QUESTIONS 1. Shows the Journal entry for additional information above (Items 1-4). 2. Prepare an Adjusted Trial Balance on 31 Dec 2021
Transcribed Image Text:QUESTIONS 1. Shows the Journal entry for additional information above (Items 1-4). 2. Prepare an Adjusted Trial Balance on 31 Dec 2021
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