The following is the trial balance of Gagah Sdn. Bhd. as at 30 April 2021: Trial balance as at 30 April 2021 Debit RM Credit RM Ordinary shares 7% preference shares 6% debentures (repayable year 2030) General reserve Retained earnings as at 1 May 2020 Discounts received 300,000 150,000 160,000 18,000 50,000 12,000 442,500 15,400 10,400 Sales Commission received Returns outwards 3,300 46,000 3,500 2,500 1,000 291,400 3,100 10,000 15,000 3,300 3,000 120,000 Discounts allowed Wages and salaries Carriage inwards Returns inwards Carriage outwards Purchases Utilities expenses Insurance Audit fees Bad debts General expenses Machinery at cost Motor vehicles at cost 86.000
The following is the trial balance of Gagah Sdn. Bhd. as at 30 April 2021: Trial balance as at 30 April 2021 Debit RM Credit RM Ordinary shares 7% preference shares 6% debentures (repayable year 2030) General reserve Retained earnings as at 1 May 2020 Discounts received 300,000 150,000 160,000 18,000 50,000 12,000 442,500 15,400 10,400 Sales Commission received Returns outwards 3,300 46,000 3,500 2,500 1,000 291,400 3,100 10,000 15,000 3,300 3,000 120,000 Discounts allowed Wages and salaries Carriage inwards Returns inwards Carriage outwards Purchases Utilities expenses Insurance Audit fees Bad debts General expenses Machinery at cost Motor vehicles at cost 86.000
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
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 14P
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Question
5. The directors have made the following provisions for the year ended 30 April 2021:
(i) A final dividend of RM0.10 per share is to be paid to ordinary shareholders.
(ii) Preference dividend to be paid in full.
(iii) Transferred RM4,000 to the general reserve account.
Question
Prepare the statement of changes in equity of Gagah Sdn. Bhd. for the year ended 30 April 2021.
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