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(A) The following is information related to the business of Jasmine Florist Sdn. Bhd. for the year ending 2023. Inventory RM5,000 General and administrative expenses

(A) The following is information related to the business of Jasmine Florist Sdn. Bhd. for the year ending 2023. 

Inventory RM5,000

General and administrative expenses 1,000

Ordinary shares 50,000

Cash 11,000

Operating expenses 1,350

Short-term notes payable 750

Interest expense 1,200

Depreciation expense 600

Net sales 13,000

Accounts receivable 10,000

Accounts payable 5,000

Long term debt?

Cost of goods sold 6,000

Buildings and equipment 120,000

Accumulated depreciation 38,000

Tax expense 1,300

Retained earnings 10,250


Based on the information provided, you are required to prepare an income statement and balance sheet for Jasmine Florist Sdn. Bhd. for the year ending 31 December 2023. Calculate the total long-term debt for Jasmine Florist Sdn. Bhd. for the year 2023.



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