1. The financial year of Shah Enterprise ended on 31 December 2019. Show the ledger account for the following items including the balance transferred to the necessary part of the financial statements....

1. The financial year of Shah Enterprise ended on 31 December 2019. Show the ledger account for the following items including the balance transferred to the necessary part of the financial statements.
a) Rent expenses: Paid RM700 in 2019; owed RM30 as at 31 December 2019
b) Insurance expenses: Paid RM500 in 2019; prepaid as at 31 December 2019 was
RM40
c) Commission received: Received RM650 in 2019; amount accrued as 31 December
2019 was RM100
d) Rent received: Received RM400 in 2019; amount received in advance as at 31
December 2019 was RM100

2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019.

The following adjustment were to be made on 31 October 2019:
a) RM1,800 of wages and salaries was not paid
b) Prepaid insurance amounted to RM1,000
c) RM500 of the interest income was not received
d) RM900 of the rent income was for November 2019
e) Water and electricity bills for RM800 were not paid.
Required:
i. Prepare the Statement of Profit or Loss and Other Comprehensive Income
(extracts) for the year ended 31 October 2019
ii. Prepare Statement of Financial Position (extracts) as at 31 October 2019

3. The following was the trial balance extract from ABC Trading as at 31 March 2019.

Additional information as at 31 March 2019:

a. Inventory on 31 March 2019 was RM4,250

b. Wages and salaries accrued as at 31 march 2019 was RM210; outstanding office
expenses was RM30

c. Rent and insurance prepaid was RM150
Required:

i. Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 March 2019

ii.
Prepare Statement of Financial Position as at 31 March 2019