question archive Following is the trial balance of Golden Bridge Trading as on 31st May 2021: Debit RM 22,860 5,160 Credit RM 41,970 7,200 4,350 90 1,440 810 930 570 Purchases and sales Beginning Inventory Capital Bank Overdraft Cash Discounts Returns inwards Return outwards Carriage outwards Rent and Insurance Provision for bad and doubtful debts Fixtures and Fittings Delivery van Debtors and Creditors Drawings Wages and salaries General office expenses 2,160 1,740 660 1,200 2,100 11,910 2,880 8,940 450 6,060 61,740 61,740 Additional Information: 1
Following is the trial balance of Golden Bridge Trading as on 31st May 2021: Debit RM 22,860 5,160 Credit RM 41,970 7,200 4,350 90 1,440 810 930 570 Purchases and sales Beginning Inventory Capital Bank Overdraft Cash Discounts Returns inwards Return outwards Carriage outwards Rent and Insurance Provision for bad and doubtful debts Fixtures and Fittings Delivery van Debtors and Creditors Drawings Wages and salaries General office expenses 2,160 1,740 660 1,200 2,100 11,910 2,880 8,940 450 6,060 61,740 61,740 Additional Information: 1
Subject:AccountingPrice: Bought3
Following is the trial balance of Golden Bridge Trading as on 31st May 2021: Debit RM 22,860 5,160 Credit RM 41,970 7,200 4,350 90 1,440 810 930 570 Purchases and sales Beginning Inventory Capital Bank Overdraft Cash Discounts Returns inwards Return outwards Carriage outwards Rent and Insurance Provision for bad and doubtful debts Fixtures and Fittings Delivery van Debtors and Creditors Drawings Wages and salaries General office expenses 2,160 1,740 660 1,200 2,100 11,910 2,880 8,940 450 6,060 61,740 61,740 Additional Information: 1. Inventory as at 31st May 2021 was RM4, 290. 2. Wages and salaries accrued at 31st May 2021 is RM210. 3. Office Expenses owing RM20. 4. Rent prepaid RM180. 5. Increase the provision for bad and doubtful debts by RM150 to RM810 You are required to: a. Prepare a trading and profit and loss account for the year ended 31st May 2021. (20 Marks) b. Prepare a balance sheet, as at 31st May 2021. (20 Marks)
