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What the adjustments that need to be recorded in mjsb books

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Reference no: EM132939267

Problem 1: Makmur Jaya Sdn Bhd (MJSB) paid commission in advance on 1st July 2020 for RM1,200 via cash. The payment was made for one year. As at 31st December 2020, the adjustments that need to be recorded in MJSB's books are?

(a) Dr Prepaid Commission RM1,200 and Cr Bank RM1,200

(b) Dr Commission RM1,200 and Cr Prepaid Commission RM1,200

(c) Dr Commission RM600 and Cr Prepaid Commission RM600

(d) Dr Commission RM600 and Cr Bank RM600

Reference no: EM132939267

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