The schedule presents the balance for Wei Seng Dance Studio Sdn. Bhd., at the end of the current fiscal year.
|
Wei Seng Dance Studio Sdn. Bhd. |
|
|
For the Month ended April 30, 2009 |
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|
Balance |
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|
RM |
|
|
Capital, Wei Seng |
11,610 |
|
Supplies |
200 |
|
Prepaid rent |
400 |
|
Prepaid insurance |
1,800 |
|
Equipment |
9,600 |
|
Unearned dance fees |
390 |
The following information is available to assist in the preparation of adjusting entries:
- An inventory of supplies reveals RM92 still on hand.
- The prepaid rent reflects the rent for April 2009.
- Prepaid insurance consists of a one year policy purchased on April 1, 2009.
- Depreciation on equipment is estimated to be RM 800.
- Accrued wages are RM75 on April 30.
- Two third of the unearned dance fees have been earned by April 30.
- Management estimates federal income taxes for the year to be RM 3,000.
Instructions:
a) Prepare the adjusting entries for the month of April 30, 2009.
b) Prepare an Adjusted Trial Balance as at April 30, 2009.