a) The company received a grant worth RM6,000 on 15 December 2018. It was an incentive by the government for retraining a group of its employees. The three-month training started in December 2018 has a cost of RM10,000 a month.

None of the transactions related to the above has been recorded.

b) Included in the long-termloans is a loan worth RM4,000,000 at 5% annual interest, granted by a local bank on 1 August 2018, for five-year period. Instalment for the month of December 2018 has not been paid yet and the related interest for the instalment was RM15,200.

None of the transactions related to the above has been recorded.

Required:

Show the necessary adjusting journal entries for the additional information above.