ZAP SDN. BHD.

TRiAL BALANCE AS ON 30 JUN 2003

Pre-adjustment
Dr Cr
RM RM
Sales 28,794
Purchases 23,803
Rent 854
Lighting expenses 422
Salaries and Wages 3,164
Insurance 105
Buildings 50,000
Fixtures 1,000
Debtors 3,166
Sundry expenses 506
Creditors 1,206
Bank 3,847
Investments 2,400
Motor vans 5,500
Motor expenses 1,133
Provision for depreciation:-
Fixtures 120
Motor vans 240
Capital 45,540
Long-term loan 20,000
TOTAL 95,900 95,900

Additional information:-

a Stock at 30/06/03 4,166

b Rent owing 146
c Lighting expenses prepaid 22
d Provision for depreciation:-
Fixtures 5% p.a.
Motor vans 10% p.a.

Required:-
Based on the information above, prepare a worksheet to show the adjustments
trading, profit and loss a/c and balance sheet using MS-Excel
ZAP SDN. BHD.
WORKSHEET AS ON 30 JUNE 2003
Pre-adjustment
Dr Cr Adjustments
RM RM Prepaid Owing PFD-Fix PFD-MV
Sales 28,794
Purchases 23,803
Rent 854 146
Lighting expenses 422 22
Salaries and Wages 3,164
Insurance 105
Buildings 50,000
Fixtures 1,000
Debtors 3,166
Sundry expenses 506
Creditors 1,206
Bank 3,847
Investments 2,400
Motor vans 5,500
Motor expenses 1,133
Provision for depreciation:-
Fixtures 120 50
Motor vans 240 550
Capital 45,540
Long-term loan 20,000
TOTAL 95,900 95,900

Adjustments:-
Prepaid 22
Owing 146
Depreciation-Fix 50
Depreciation-MV 550
Miscellaneous

Balance (control)
 After Adjustment
ts Dr Cr
Miscell. RM RM
- 28,794
23,803 -
1,000 -
400 -
3,164 -
105 -
50,000 -
1,000 -
3,166 -
506 -
- 1,206
3,847 -
2,400 -
5,500 -
1,133 -
- -
- 170
- 790
- 45,540
- 20,000
96,024 96,500

- -
22
- 146
50 -
550 -
- - -

96,646 96,646
ZAP SDN. BHD.
Trading and Profit and Loss Account For The Year Ended 30 June 2003

Sales 28,794
Less: Return Inwards 0
NET SALES 28,794

Less: COST OF GOODS SOLD

Opening Stock 0
Add: Purchases 23,803
Less: Return Outwards 0 23,803
Add: Carriage Inwards 0
23,803
Less: Closing Stock 4,166
Cost Of Goods Sold 19,637
GROSS PROFIT 9,157

Add: INCOME AND GAINS

9,157
Less: Expenses
Salaries and Wages 3,164
Lighting expenses 400
Motor expenses 1,133
Insurance 105
Rent 1,000
Sundry expenses 506
Depreciation expense:- -
Fixtures 50
Motor Vans 550 6,908
NET PROFIT 2,249
ZAP Sdn. Bhd.
BALANCE SHEET AS AT 30 JUNE 2003

FIXED ASSETS COST ACCUMULATED DEPRECIATION NET BOOK VALUE

Buildings 50,000 0 50,000
Fixtures 1,000 170 830
Motor vans 5,500 790 4,710
TOTAL 56,500 960 55,540

INVESTMENT 2,400

CURRENT ASSETS
Closing stock 4,166
Debtors 3,166
Bank 3,847
Prepaid expenses 22 11,201

LESS: CURRENT LIABILITIES

Creditors 1,206
Accrued Expenses 146

1,352

NET WORKING CAPITAL 9,849

67,789

Financed by Owner's Equity:

Capital 45,540
Add: Net Profit 2,249
47,789

LONG-TERM LIABILITIES
Long-term Loan 20,000

67,789