Revision Qs Question 1 The following shows the unadjusted Trial Balance of Shahanom Logistics Sdn Bhd...

Revision Qs

Question 1

The following shows the unadjusted Trial Balance of Shahanom Logistics Sdn Bhd during May 2018:

Shahanom Logistics Sdn Bhd
Unadjusted Trial Balance for month ended May 31, 2018
Account Title	Balance
	Debit (RM)	Credit (RM)
Service Revenue		69,000
Salaries Expenses	30,000
Petrol Expenses	5,000
Rent Expenses	32,000
Cash in bank	451,000
Accounts Receivable	26,000
Office Supplies	14,000
Prepaid Electricity	15,000
Motor van	400,000
Accumulated Depreciation—Motor van		5,000
Accounts Payable		8,000
Unearned Revenue		64,000
Shahanom, Capital		867,000
Shahanom, Withdrawals	40,000
Total	1,013,000	1,013,000

Additional information:

Depreciation was recorded on the motor van using the straight-line method. Assume a useful life of five years and a salvage value of RM100,000.
Prepaid Electricity for the month has expired. Electricity was prepaid at RM20,000 cash for a four months period starting April 1.
Accrued Salaries Expenses, RM20,000.
Accrued Service Revenue, RM24,000.
Office Supplies on hand, RM2,400.

Required:

Prepare an Adjusted Trial Balance as of May 31, 2018

Prepare Shahanom Logistics Sdn Bhd’s Statement of Comprehensive Income (Income Statement) and Statement of Owner’s Equity for the month ended May 31, 2018

Prepare Shahanom Logistics Sdn Bhd’s Statement of Financial Position (Balance Sheet) on May 31, 2018.

Expert Solution

ekkarill92 answered 2 years ago

The following shows the unadjusted Trial Balance of Satyam Logistics Sdn Bhd during August 2018: Satyam...

The following shows the unadjusted Trial Balance of Satyam Logistics Sdn Bhd during August 2018: Satyam Logistics Sdn Bhd Unadjusted Trial Balance for the month ended August 31, 2018 Account Title Balance Debit(RM) Credit(RM) Service Revenue 820,000 Salaries Expenses 460,000 Delivery Expenses 230,000 Utility Expenses 50,000 Bank 52,000 Debtors (Acc Receivable) 79,000 Office Supplies 12,000 Prepaid Insurance 36,000 Furniture 80,000 Accumulated Depreciation—Delivery Van 16,000 Creditors (Acc Payable) 56,000 Unearned Revenue...

The following shows the unadjusted Trial Balance of Ramsha Logistics Pvt Ltd for the year ended...

The following shows the unadjusted Trial Balance of Ramsha Logistics Pvt Ltd for the year ended 2020: Ramsha Logistics Pvt Ltd Unadjusted Trial Balance for the year August 31, 2020 Debit Credit Service Revenue 820,000 Salaries Expenses 460,000 Delivery Expenses 230,000 Utilities Expenses 50,000 Bank 52,000 Account Receivables 79,000 Office Supplies on hand 12,000 Prepaid Insurance 36,000 Furniture 80,000 Accumulated Depreciation-Delivery van 16,000 Account payable 56,000 Unearned revenue 12,000 Ramsha, Capital 100,000 Ramsha, Withdrawal 5,000 Total 1,004,000 1,004,000 Additional information:...

3. The following is the trial balance of Silk Store Sdn. Bhd. as at 31 December...

3. The following is the trial balance of Silk Store Sdn. Bhd. as at 31 December Year 5. Dr Cr RM RM Bank 6,723 Debtors 18,910 Creditors 12,304 Stock as at 31 December Year 4 40,360 Buildings at cost 100,000 Equipment at cost 45,000 Profit and loss account as at 31 December Year 4 15,286 General reserve 8,000 Foreign exchange reserve 4,200...

The following is the trial balance of AmazeRock Sdn. Bhd. as at 31 December 2019. Debit...

The following is the trial balance of AmazeRock Sdn. Bhd. as at 31 December 2019. Debit Credit RM RM Sales 1,077,000 Inventory as at 1 January 2019: Raw materials 16,000 Work-in-progress 11,000 Finished goods 32,000 Purchases of raw materials 720,000 Direct labour 60,000 Carriage inwards 2,000 Direct expenses - royalty 25,000 Factory rental 36,000 Utilities 40,000 Office rental 17,000 Factory supervisor salary 26,000 Administrative salaries 30,000 General administrative expenses 20,000 Plant and machinery 50,000 Office equipment 60,000 Accumulated depreciation as...

3. The following is the trial balance of Silk Store Sdn. Bhd. as at 31 December Year...

3. The following is the trial balance of Silk Store Sdn. Bhd. as at 31 December Year 5. Dr Cr RM RM Bank 6,723 Debtors 18,910 Creditors 12,304 Stock as at 31 December Year 4 40,360 Buildings at cost 100,000 Equipment at cost 45,000 Profit and loss account as at 31 December Year 4 15,286 General reserve 8,000 Foreign exchange reserve 4,200 Authorised and issued share capital 100,000 Purchases 72,360 Sales 135,486 Carriage inwards 1,570 Carriage outwards 1,390 Salaries 18,310 Rates and occupancy expenses 4,235 Office expenses 3,022 Sundry expenses 1,896 Provision for depreciation at 31.12.Year 4:...

unadjusted trial balance of jasa trading bhd at 31 december 2019

The following shows the unadjusted Trial Balance of Services as at 31 August 2020 is as...

The following shows the unadjusted Trial Balance of Services as at 31 August 2020 is as follows: Services Unadjusted Trial Balance as at 31 August 2020 Debit Credit RM RM Cash at Bank 70,400 Account Receivable 100,600 Provision for Doubtful Debts 4,000 Premises 220,000 Furniture 40,000 Accumulated Depreciation - Depreciation 8,000 Accounts Payable 80,000 Unearned Revenue 24,000 Loan @ 6% interest 100,000 Capital, Services 200,000 Drawings 3,000 Revenue 103,000 Prepaid Insurance 36,000 Utility expense 21,000 Salary Expense 25,000 Interest...

Below is an Unadjusted Trial Balance of Jasa Tading Bhd at 31 December 2019.

Below is an Unadjusted Trial Balance of Jasa Tading Bhd at 31 December 2019. Dr. (RM) Cr. (RM) Account receivables 109,658 Buildings 1,372,680 Cash 1,314,264 Cost of goods sold 856,152 Equipment 504,000 Patent 60,276 Income tax expense 60,340 Inventory 551,950 Land 766,800 Maintenance and repair expenses 11,953 Office expense 14,086 Prepaid insurance 48,000 Property...

Below is a trial balance (extracted) of Kasturi Dewi Sdn Bhd. for the year ended 31...

Below is a trial balance (extracted) of Kasturi Dewi Sdn Bhd. for the year ended 31 December 2019: Debit (RM) Credit (RM) Account receivable 100,000 Allowance for impairment of Account receivable as at 1 January 2019 8,500 As at 31 December 2019, the following transactions are not yet recorded: One of the debtors was declared bankrupt by the Court. The amount due from the debtor is RM2,000. The company received RM1,500 from a debtor who was previously written off as...

The following trial balance relates to Atlop Sdn Bhd at 31 March 2020 : RM’000 RM’000...

The following trial balance relates to Atlop Sdn Bhd at 31 March 2020 : RM’000 RM’000 Ordinary share @ RM0.50 per share 70,000 Retained profit at 1 April 2019 11,200 Land and building at cost (land RM100milion) 60,000 (note i) Plant and equipment at cost (note i) 94,500 Accumulated depreciation at 1 April 2019 : - Building 20,000 - Plant and equipment 24,500 Inventories at 31 March 2020 43,700 Trade receivables 42,200 Bank 6,800 Deferred tax (note ii) 6,200 Trade...

Question