2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEBIT (RM) 12,000 4,800 16,000 CREDIT (RM) Insurance Water and electricity Wages and salaries Rental income Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 9,900 6,000 1,500 2,000 1,800 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: Prepare the Statement of Profit or Loss and Other Comprehensive Income (extracts) for the year ended 31 October 2019 ii. i. Prepare Statement of Financial Position (extracts) as at 31 October 2019

2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEBIT (RM) 12,000 4,800 16,000 CREDIT (RM) Insurance Water and electricity Wages and salaries Rental income Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 9,900 6,000 1,500 2,000 1,800 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: Prepare the Statement of Profit or Loss and Other Comprehensive Income (extracts) for the year ended 31 October 2019 ii. i. Prepare Statement of Financial Position (extracts) as at 31 October 2019

Name: 2. The following balances were extracted from the ledger of CTSha Tra
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Description: 2. The following balances were extracted from the ledger of CTSha Trading as at 31October 2019.DEBIT (RM)12,0004,80016,000CREDIT (RM)InsuranceWater and electricityWages and salariesRental incomeInterest incomePrepaid insurance as at 1 Nov 2018Accrue

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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