PLMGS 2024 POA Paper 2 Insert

Name: ___________________________ ( )Class: _______CentreNumberSIndexNumberPRINCIPLES OF ACCOUNTS7086/02Paper 2 1 August 2024INSERT2 hoursREAD THESE INSTRUCTIONS FIRSTThis insert contains the data for Question 1. This document consists of 2 printed pages. Calculator Model:(if applicable)

2Data for Question 1Yuki runs an events planning agency. The following trial balance was extracted from the books of Yuki’s business on 31 December 2023.DebitCredit$$Service fee revenue81 428Rent income12 000Discount allowed2 780Commission income4 810Wages and salaries34 700Office equipment at cost30 000Accumulated depreciation of office equipment6 000Motor vehicles at cost72 000Accumulated depreciation of motor vehicles18 000Insurance6 800Cash at bank 4 150Cash in hand1 328Long-term borrowings20 000Trade receivables 5 680Drawings5 100Capital at 1 January 202312 000Additional information1As at 31 December 2023:(i)Insurance amounting to $300 was prepaid.(ii)Rent income of $500 had not been received. (iii)Commission income of $530 had been received in advance.2Office equipment is to be depreciated at 10% per annum using the straight-line method. 3Motor vehicles is to be depreciated at 25% per annum using the reducing-balance method.4The allowance for impairment of trade receivables is to be maintained at 5% of trade receivables. 500 530 3000 713500 300 282