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2 (14 MARKS) Lewis Sdn Bhd is a retailer and the following is trial balance of Lewis Sdn Bhd for the year end 31 December
2 (14 MARKS) Lewis Sdn Bhd is a retailer and the following is trial balance of Lewis Sdn Bhd for the year end 31 December 2020. Required: Lewis Sdn Bhd Trial Balance as at 31 December 2020 Debit (RM) Credit (RM) Cash 5,000 Accounts receivable 14,000 Inventory 20,000 Supplies 5,000 Land 100,000 Accounts payable 3,000 Notes payable 25,000 Capital 90,000 Drawing 1,000 Sales revenues 160,000 Sales returns and allowances 2,000 Sales discounts 3,000 Cost of goods sold 80,000 Salary expense 5.000 Utility expense 23.000 Rent expense Interest expense Totals 18,000 2,000 RM278,000 RM278,000 Prepare the Statement Profit and Loss for the year ended 31 December 2020. (14 marks)
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