question archive 1) Following is the trial balance of D & D Enterprise as at 30 June 2021: Debit RM Credit RM 400,000 350,000 5,000 6,200 100,000 800 Sales Purchases Sales returns Purchase returns Beginning Inventory Provision for bad debts Wages and salaries Insurance Expense Telephone charges Equipment at cost Van Debtors and creditors Bad debts Capital Bank Drawings 30,000 6,000 1,000 40,000 30,000 9,800 200 7,000 179,000 3,000 18,000 593,000 593,000 Additional Information: 1
1) Following is the trial balance of D & D Enterprise as at 30 June 2021: Debit RM Credit RM 400,000 350,000 5,000 6,200 100,000 800 Sales Purchases Sales returns Purchase returns Beginning Inventory Provision for bad debts Wages and salaries Insurance Expense Telephone charges Equipment at cost Van Debtors and creditors Bad debts Capital Bank Drawings 30,000 6,000 1,000 40,000 30,000 9,800 200 7,000 179,000 3,000 18,000 593,000 593,000 Additional Information: 1
Subject:AccountingPrice: Bought3
1) Following is the trial balance of D & D Enterprise as at 30 June 2021: Debit RM Credit RM 400,000 350,000 5,000 6,200 100,000 800 Sales Purchases Sales returns Purchase returns Beginning Inventory Provision for bad debts Wages and salaries Insurance Expense Telephone charges Equipment at cost Van Debtors and creditors Bad debts Capital Bank Drawings 30,000 6,000 1,000 40,000 30,000 9,800 200 7,000 179,000 3,000 18,000 593,000 593,000 Additional Information: 1. Inventory as at 30 June 2021 was RM120, 000. 2. Accrued wages RM5,000. 3. Insurance prepaid RM500. 4. The provision for bad debts to be increased to 10% of debtors. 5. Telephone bills outstanding RM220. You are required to: a. Prepare a trading and profit and loss account for the year ended 30 June 2021. (10 Marks) b. Prepare a balance sheet, as at 30 June 2021. (20 Marks)
