QUESTION 5 (2" The following is the trial balance of Gulaloba Sdn Bhd as at 31 December 2020. Particulars Inventory as at 1 December 2020 Purchases and sale Carriage Outwards Return Outward Wages and Salaries Utility Delivery cost Discount allowed and discount received Insurance Duty Import Building Account receivable and account payable Furniture and fittings Cash in bank Cash in hand Drawing Capital Debit (RM) Credit (RM) 5,000 22,500 2,000 150,400 600 2,200 1,800 350 750 1,400 600 100,000 40,000 8,000 15,000 2,000 900 500 13,000 202,500 38,000 202,500 The closing inventory was RM5,500 REQUIRED: i. Prepare Statement of Comprehensive Income for the year ended 31 December 2020. ii. Prepare Statement of Financial Position as at 31 December 2020.
QUESTION 5 (2" The following is the trial balance of Gulaloba Sdn Bhd as at 31 December 2020. Particulars Inventory as at 1 December 2020 Purchases and sale Carriage Outwards Return Outward Wages and Salaries Utility Delivery cost Discount allowed and discount received Insurance Duty Import Building Account receivable and account payable Furniture and fittings Cash in bank Cash in hand Drawing Capital Debit (RM) Credit (RM) 5,000 22,500 2,000 150,400 600 2,200 1,800 350 750 1,400 600 100,000 40,000 8,000 15,000 2,000 900 500 13,000 202,500 38,000 202,500 The closing inventory was RM5,500 REQUIRED: i. Prepare Statement of Comprehensive Income for the year ended 31 December 2020. ii. Prepare Statement of Financial Position as at 31 December 2020.
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
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 10P: Balance Sheet The following is a list (in random order) of KIP International Products Companys...
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