4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Particulars Debit RM 377,000 432,000 102,000 625,000 Credit RM 950,000 Purchases and Sales Plant and machinery Vehices Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received Returns inwards and returns outwards Carriage inwards Carriage outwards Custom duties Drawings Provision for doubtful debts Salaries and wages Electricity and water Rent and rates Insurance Mortgage on land and building Repairs and maintenance Commission earned Accounts receivables Account payable Inventory - 1 April 2019 Cash at bank Capital 175.000 39.000 760 1,500 44,000 4,700 5.500 15,400 3,600 12,200 2,000 300,000 65,000 4,000 55,000 450,000 6,300 95.000 187,000 166.500 51,000 41,100 429,640 2.320.100 2.320.100 TOTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 ii. Depreciation for the year: a. Plant and machinery b. Vehicles ii. Accrued expenses: RM25,700 RM15,300 a. Rent and rates RM1,000 RM4,800 b. Electricity and water iv. Expenses paid in advance: a. Salaries and wages RM4,500 b. Insurance v. Inventory on 31 Mac 2020 was RM42,800. RM5,000 Required: a) Prepare the Statement Profit cr L ars and Other Comprehensive Income for the year ended 31 Mac 2020. Prepare the Statement of Financial Position as at 31 Mac 2020. Filters b)
4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Particulars Debit RM 377,000 432,000 102,000 625,000 Credit RM 950,000 Purchases and Sales Plant and machinery Vehices Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received Returns inwards and returns outwards Carriage inwards Carriage outwards Custom duties Drawings Provision for doubtful debts Salaries and wages Electricity and water Rent and rates Insurance Mortgage on land and building Repairs and maintenance Commission earned Accounts receivables Account payable Inventory - 1 April 2019 Cash at bank Capital 175.000 39.000 760 1,500 44,000 4,700 5.500 15,400 3,600 12,200 2,000 300,000 65,000 4,000 55,000 450,000 6,300 95.000 187,000 166.500 51,000 41,100 429,640 2.320.100 2.320.100 TOTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 ii. Depreciation for the year: a. Plant and machinery b. Vehicles ii. Accrued expenses: RM25,700 RM15,300 a. Rent and rates RM1,000 RM4,800 b. Electricity and water iv. Expenses paid in advance: a. Salaries and wages RM4,500 b. Insurance v. Inventory on 31 Mac 2020 was RM42,800. RM5,000 Required: a) Prepare the Statement Profit cr L ars and Other Comprehensive Income for the year ended 31 Mac 2020. Prepare the Statement of Financial Position as at 31 Mac 2020. Filters b)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 2P
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