The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEBIT (RM) CREDIT (RM) Insurance 12,000 Water and electricity 4,800 Wages and salaries 16,000 Rental...



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




















































DEBIT (RM)




CREDIT (RM)



Insurance



12,000



Water and electricity



4,800



Wages and salaries



16,000



Rental income



9,900



Interest income



6,000



Prepaid insurance as at 1 Nov 2018



1,500



Accrued wages and salaries as at 1 Nov 2018



2,000



Accrued rental income as at 1 Nov 2018



1,800









 The following adjustment were to be made on 31 October 2019:



  1. a) RM1,800 of wages and salaries was not paid

  2. b) Prepaid insurance amounted to RM1,000

  3. c) RM500 of the interest income was not received

  4. d) RM900 of the rent income was for November 2019

  5. e) Water and electricity bills for RM800 were not paid.



Required:




  1. Prepare Statement of Financial Position (extracts) as at 31 October 2019



Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here