Reference no: EM132596915
Question - Four of the accounts in the ledger of Che Siti indicated the following balances at 31st December 2008:
Insurance paid in advance RM562
Wages outstanding RM1,206
Rent revenues, received in advance RM580
Commission revenues not received RM974
During 2009 the following transactions occurred:
Paid for insurance RM1,032 for one year until 31 st March 2010, by bank standing order.
Paid RM20,960 wages by cheque. At 31 st December 2009 RM650 of wages still unpaid.
Received RM4,210 rent, by cheque. The payment received includes RM610 for January 2010 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 31st December 2009.
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