Merah Sdn. Bhd Unadjusted Trial Balance as at 30 June 2020 RM RM Cash 15,400 Account Receivables 25,000 Inventory 1 July 2019 68,000 Prepaid Insurance 10,800 Office Supplies On Hand 12,500 Furniture And Fittings 120,000 Accumulated Depreciation : Furniture And Fittings 12,000 Account Payable 51,100 Capital 68,000 Sales 785,400 Sales Return 2,600 Sales Discount 4,800 Purchases 420,000 Purchase Return 4,800 Purchase Discounts 6,000 Freight Inward 8,200 Salaries Expenses 96,000 Rental Expenses 60,000 Advertising Expenses 12,000 Drawings 72,000 Total 927,300 927,300 Additional information: • Inventory count shows an inventory balance of RM 93,000 on 30 June 2020. • Office supplies on hand on 30 June 2020 has a balance of RM 3,200. • Depreciation expense is RM 12,000 per annum. • Prepaid insurance of RM 9,600 expired during the financial year. • Accrued salaries of RM 4,000. • Accrued rental of RM 5,000. • Allowance/provision for doubtful debt is 4% from Account Receivables. You are required to: Prepare the statement of comprehensive income and statement of financial position as at 30 June 2020.
Merah Sdn. Bhd
Unadjusted
RM RM
Cash 15,400
Account Receivables 25,000
Inventory 1 July 2019 68,000
Prepaid Insurance 10,800
Office Supplies On Hand 12,500
Furniture And Fittings 120,000
Accumulated Depreciation : Furniture And Fittings 12,000
Account Payable 51,100
Capital 68,000
Sales 785,400
Sales Return 2,600
Sales Discount 4,800
Purchases 420,000
Purchase Return 4,800
Purchase Discounts 6,000
Freight Inward 8,200
Salaries Expenses 96,000
Rental Expenses 60,000
Advertising Expenses 12,000
Drawings 72,000
Total 927,300 927,300
Additional information:
• Inventory count shows an inventory balance of RM 93,000 on 30 June 2020.
• Office supplies on hand on 30 June 2020 has a balance of RM 3,200.
• Depreciation expense is RM 12,000 per annum.
• Prepaid insurance of RM 9,600 expired during the financial year.
• Accrued salaries of RM 4,000.
• Accrued rental of RM 5,000.
• Allowance/provision for doubtful debt is 4% from Account Receivables.
You are required to:
Prepare the statement of comprehensive income and
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