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Sunshine Computer Sales and Services

Trial balance as at 30st November 2019

Accounts	RM	RM
Capital		70,000
Motor vehicle	45,000
Office Equipment	15,000
Bank	10,500
Petty Cash	2,500
Sales		164,500
Returns Inwards	3,000
Purchases	95,000
Returns Outwards		5,000
Discount Allowed	5,500
Insurance	1,200
Petrol	2,500
Salaries	44,000
Stationeries supplies	2,800
Telephone	5,500
Upkeep of Motor Vehicle	3,500
Water & Electricity	3,500
TOTAL	239,500	239,500

Sunshine Computer Sales and Services

Unadjusted Trial Balance as at 31^st December 2019

Account Titles	Debit (RM)	Credit (RM)
Capital		114,000.00
Motor vehicle	45,000.00
Office equipment	20,000.00
Bank	185,996.67
Petty cash	146,646.00
Sales		414,500.00
Return inwards	9,000.00
Purchases	121,000.00
Return outwards		13,000.00
Discount allowed	6,180.00
Discount received		510.00
Insurance	2,400.00
Petrol	4,000.00
Salaries	76,000.00
Stationary supplies	5,800.00
Telephone	6,154.00
Upkeep of motor vehicle	4,000.00
Water and electricity	7,000.00
Edward (AR)	0.00
JM Corporation (AP)		0.00
Interest income		30,000.00
Bank loan		100,000.00
Furniture	2,500.00
Aminah Sdn. Bhd. (AP)		5,000.00
Ali (AR)	50,000.00
Depreciation (furniture)	20.83
Depreciation (office equipment)	83.33
Accumulated depreciation (furniture)		20.83
Accumulated depreciation (office equipment)		83.33
Salaries payable		15,000.00
Interest expense	333.33
TOTAL	692,114.16	692,114.16

Prepare adjusting journal entries in the general journal based on the following information (all adjusted journal entries are dated December 31):

1. The motor vehicle has an estimated useful life of 5 years with a disposal value of RMXXXX (please estimate the value). Record depreciation for one year.
2. The office equipment has an estimated useful life of 10 years with no disposal value. Record depreciation for one year.
3. Record insurance expired for one month.
4. Stationeries supplies on hand at the end of December have a cost of RM1,900.
5. Accrue interest for the year. The annual interest rate is X%.
6. As of the end of December, RM950 of the services have been performed for customers for whom payment had been received in advance in November.

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