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2. The following information was extracted from the Statement of Financial Position of Aliff Trading as of 31 March 20x2. Current Asset Current Liability Prepaid
2. The following information was extracted from the Statement of Financial Position of Aliff Trading as of 31 March 20x2. Current Asset Current Liability Prepaid insurance 1,100 Unearned rent income 2,000 Accrued motor expenses 350 RM RM During the financial year ended 31 March 20X3, the following transactions took place (all transactions are paid by cheques): RM 3,000 1.500 6,000 1 April 20x2 1 May 20X2 30 September 20X2 31 December 20X2 1 January 20x3 31 March 20x3 31 March 20X3 Received rent Pald motor expenses Received rent Pald motor expenses Pald Insurance Accrued rent income Prepaid motor expenses 750 3,400 1,500 500 Adjustments for Accruals and Prepayments 113 You are required to show all expense and income accounts and the extracts of the statement of profit or loss and statement of financial position as of 31 March 20X3
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