Question 2 Four of the accounts in the ledger of Che Siti indicated the following...

50.1K

Verified Solution

Question

Accounting

image
Question 2 Four of the accounts in the ledger of Che Siti indicated the following balances at 31st December 2016: Insurance paid in advance RM562 Wages outstanding RM1,206 Rent revenues, received in advance RM580 Commission revenues not received RM974 During 2017 the following transactions occurred: Paid for insurance RM1,032 for one year until 31 March 2018, by bank standing order. Paid RM20,960 wages by cheque. At 31st December 2017 RM650 of wages still unpaid. Received RM4,210 rent, by cheque. The payment received includes RM610 for January 2018 rental. RM3780 commission received in cash and RM458 is still not received. Required: Prepare the accounts for insurance, wages, rent revenues and commission revenues for the year ending 31* December 2018

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students