Three of the accounts in the ledger of Peter indicated the following balances as at...
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Accounting
Three of the accounts in the ledger of Peter indicated the following balances as at 1st January 2015: Insurance paid in advance RM 562 Wages outstanding RM 306 Rent receivable received in advance RM 36 During year 2015, Peter actually have following transactions as below: Paid insurance RM 1,019 by cheque. Paid RM 15,000 wages in cash. Received RM 2, 600 rental by cheque. At 31 December 2015 insurance prepaid was RM 345. On the same day rent receivable in arrears was RM 105 and wages accrued amounted to RM 419. Required: a) Show all transactions in insurance, wages and rent receivable account for the year 2015 (12 marks) [Total = 12 marks]
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