Ice was exracted from the books of Syarikat Wawa at 31 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales 63,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle 4,250 4,000 500 Office equipment Provision for doubtful debts Drawings Cash at bank Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 13,570 6,200 300 8,000 3,800 2,900 Additional information as at 31 Mac 2020. Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. ii. ii. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing balance method 20% straight line method

Ice was exracted from the books of Syarikat Wawa at 31 2020: Particulars RM Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales 63,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle 4,250 4,000 500 Office equipment Provision for doubtful debts Drawings Cash at bank Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 13,570 6,200 300 8,000 3,800 2,900 Additional information as at 31 Mac 2020. Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. ii. ii. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing balance method 20% straight line method

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 41E

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