Do question b)only. 1.Computer Equipment is expected to last 4 years without scrap value.2.Salary expenses accrued on 31 August 2021 was amounted to RM12,000.3.Prepaid insurance for the period 1 December 2020 to 30 November 2021.4.Utility expenses accrued on 31 August 2021 was amounted to RM700.Based on the information provided, you are required to provide:а.Adjusted Trial Balance for the year ended 31 August 2021.b.Income Statement for the year ended 31 August 2021.С.Balance Sheet on 31 August 2021. GAGAH Sdn. Bhd. is a business primarily engaged in manufacturing of sporting and athleticgoods. The following trial balances and additional information are taken from GAGAH Sdn.Bhd.GAGAH Sdn. Bhd.Trial Balance as at 31 August 2021RMRMWithdrawal15,000Salary Expenses220,000Utility Expenses4,500Bank Deposits68,900Revenue96,800Prepaid Insurance2,400Other Expenses9,900Сарpital400,000Bank Overdrafts4,600Computer Equipment160,00080,000Accumulated Depreciation of Computer EquipmentCash100,700581,400581,400Additional Information:

Solution Working note Adjusted trial balance Debit Credit Withdrawal 15000…

Answered: b. Income Statement for the year ended…

Business

Accounting

b. Income Statement for the year ended 31 August 2021.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 4PA: Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted...

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