(a) State the amount of revenue that should be recognised by MAJU Berhad in the year ended 31 December 2020 for each item below, justify your answer by reference to the revenue definition and revenue recognition criteria.

1) MAJU Berhads credit sales for 2020 were RM50,000, 85% of which were collected in 2020 and remaining 15% were collected on February 15, 2021. (3 marks)

2) MAJU Berhad received RM20,000 cash from a customer in November 2020 for a service to be performed on January 1, 2021. (3 marks)

3) MAJU Berhad started renting out its excess office space on November 1, 2019, on which date the company received RM10,500 cash from its tenant for 7 months rent, in advance. (3 marks)

4) MAJU Berhad received RM8,000 Interest income from Bank on 1 January 2021, the Interest was earned in December 2020. (3 marks)

Note: Please do it in MS Word