4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Debit Credit RM RM 1,760 Delivery van expenses Lighting and heating: Factory Office Manufacturing...


4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows:<br>Particulars<br>Debit<br>Credit<br>RM<br>RM<br>1,760<br>Delivery van expenses<br>Lighting and heating:<br>Factory<br>Office<br>Manufacturing wages<br>General expenses:<br>Factory<br>Office<br>7,220<br>1,490<br>72,100<br>8,100<br>1,940<br>Sales representatives : Commission<br>Purchase of raw materials<br>11,688<br>57,210<br>Rent:<br>Factory<br>Office<br>6,100<br>2,700<br>Machinery (Cost : RM40,000)<br>Office equipment ( RM9,000)<br>Office salaries<br>28,600<br>8,200<br>17,740<br>34,200<br>Accounts receivables<br>Account payables<br>9,400<br>Bank<br>16,142<br>Sales<br>Van (cost RM6,800)<br>Inventory at 31 December 2020:<br>Raw materials<br>194,800<br>6,200<br>13,260<br>41,300<br>Finished goods<br>Drawings<br>Сapital<br>24,200<br>155,950<br>360,150<br>ТОTAL<br>360,150<br>

Extracted text: 4. Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars Debit Credit RM RM 1,760 Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory Office 7,220 1,490 72,100 8,100 1,940 Sales representatives : Commission Purchase of raw materials 11,688 57,210 Rent: Factory Office 6,100 2,700 Machinery (Cost : RM40,000) Office equipment ( RM9,000) Office salaries 28,600 8,200 17,740 34,200 Accounts receivables Account payables 9,400 Bank 16,142 Sales Van (cost RM6,800) Inventory at 31 December 2020: Raw materials 194,800 6,200 13,260 41,300 Finished goods Drawings Сapital 24,200 155,950 360,150 ТОTAL 360,150
Additional information:<br>i. Inventory at 31 December 2020:<br>RM14,510<br>a. Raw materials<br>b. Finished goods<br>ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200<br>i. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent<br>RM44,490<br>prepaid RM140<br>Required:<br>a) Prepare statement of cost production for the year ended 31 December 2020.<br>b) Prepare statement of comprehensive income for the year ended 31 December 2020.<br>c) Prepare statement of financial position as at 31 December 2020.<br>

Extracted text: Additional information: i. Inventory at 31 December 2020: RM14,510 a. Raw materials b. Finished goods ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200 i. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rent RM44,490 prepaid RM140 Required: a) Prepare statement of cost production for the year ended 31 December 2020. b) Prepare statement of comprehensive income for the year ended 31 December 2020. c) Prepare statement of financial position as at 31 December 2020.

Jun 09, 2022
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