assignment 1: financial statement (without adjusments) QUESTION 1 The following is information extracted from the book of Langkap Trading.

LANGKAP TRADING TRIAL BALANCE AS AT 30 JUNE 2010 Debit RM 25,100 300 600 1,200 750 6,200 900 4,800 5,300 210 10,000 450 50,000 4,140 100,000 Credit RM 40,500 100

Sales and Purchases Returns Freight charges on purchases Freight charges on sales Discounts Inventory 1 July 2009 Wages Salaries Debtors and Creditors Capital Drawings Loan Cash Premise Bank Total The closing inventory on 30 June 2010 is RM12,500.

3,860 44,790

100,000

Based on the information above, you are required to prepare the: (a) Income Statement for the year ended 30 June 2010. (b) Balance Sheet as at 30 June 2010.

assignment 1: financial statement (without adjusments) QUESTION 3 The following is the Trial Balance extracted from the book of Awang Workshop as at 31 December 2010. AWANG WORKSHOP TRIAL BALANCE AS AT 31 DECMBER 2010 Debit RM Capital Servicerevenues from repairs of motorvehicles Lubricant: Supply as at 1 January 2010 Purchases and Sales Loose tools: Supply as at 1 January 2010 Purchases Machines and equipments Fixtures and fittings General expenses Discounts Assessment rate Drawings Commissions Salaries and wages Shop premise Bank Cash Account Payables Total Closing inventory as at 31 December 2010 are as follows: Lubricant RM9,800 Loose tools RM600 Credit RM 34,700 68,000 16,300

10,000 8,500 500 300 20,000 21,300 1,200 330 1,560 740 1,870 4,800 50,000 1,600 900 123,600

190

430

3,980 123,600

You are required to prepare the financial statements for Awang Workshop for the year ended 31 December 2010.

assignment 1: financial statement (without adjusments) QUESTION 2 The following is the Trial Balance of Jerjak Company as at 30 June 2010. JERJAK COMPANY TRIAL BALANCE AS AT 30 JUNE 2010 Debit RM Capital Fixtures and fittings Motor vehicles Fixed deposit Debtors and Creditors Sales and Purchases Returns Discounts Commissions Interest on Overdraft Bank Salaries Wages Freight inwards Freight outwards Purchases tax Insurance on Purchases Insurance Mortgaged loan Cash Inventory (1 January 2010) Leased Premise Total Closing inventory is valued at RM13,350. 10,000 50,000 5,000 7,300 18,280 220 350 450 600 2,400 600 330 810 190 200 380 30,000 890 4,000 20,000 122,000 Credit RM 48,400 100

5,800 30,120 180 260 710 6,530

122,000

You are required to prepare: (a) Income Statement for half year ended 30 June 2010. (b) Balance Sheet as at 30 June 2010.

assignment 1: financial statement (without adjusments) QUESTION 4 The following are balances extracted from the book of Dina Medical Clinic on 31 December 2010. RM Capital as at 1 July 2010 Purchases of medical supplies Service revenues from patient treatment Petty expenses Medical supplies inventory (1 July 2010) Account receivables Account payables Rent Insurances Wages Stationeries Assessment rate Mortgage loan Cash Bank (credit balance) Fixtures and fittings Interest on loan Machine and equipment The medical supplies inventory as at 31 December 2010 is RM9,800. 33,910 10,000 45,000 350 8,500 1,300 2,780 3,600 620 2,400 310 1,590 10,000 530 8,310 40,000 800 30,000

Prepare: (a) Income Statement for the year ended 31 December 2010. (b) Balance Sheet as at 31 December 2010.