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A. Tuan Hamdi is the owner of TH Trading, the business dealing with wholesaler of electrical appliances. Below is the trial balance extracted from the

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A. Tuan Hamdi is the owner of TH Trading, the business dealing with wholesaler of electrical appliances. Below is the trial balance extracted from the books of TH Trading as at 30 th April 2023. Additional information: 1. Allowance for doubtful debts of 5% was to be provided on the net accounts receivable. 2. Prepayment of insurance premium and wages were RMI50 and RM300 respectively. 3. Depreciation for the year is to be provided as follows: i. Furniture and Fittings at 10%, straight line method, yearly basis ii. Plant and Machinery at 10\%, reducing balance method, yearly basis. 4. The owner took cash amounting RM400 for his personal use. 5. The accruals of utilities and salaries were RMI00 and RM200 respectively: 6. A long-term loan from Bank Dagang Jaya amounted to RM50,000 was received by cheque on 1st November 2022 . The 4% interest on loan is still accrued at the end of the year. A. Tuan Hamdi is the owner of TH Trading, the business dealing with wholesaler of electrical appliances. Below is the trial balance extracted from the books of TH Trading as at 30 th April 2023. Additional information: 1. Allowance for doubtful debts of 5% was to be provided on the net accounts receivable. 2. Prepayment of insurance premium and wages were RMI50 and RM300 respectively. 3. Depreciation for the year is to be provided as follows: i. Furniture and Fittings at 10%, straight line method, yearly basis ii. Plant and Machinery at 10\%, reducing balance method, yearly basis. 4. The owner took cash amounting RM400 for his personal use. 5. The accruals of utilities and salaries were RMI00 and RM200 respectively: 6. A long-term loan from Bank Dagang Jaya amounted to RM50,000 was received by cheque on 1st November 2022 . The 4% interest on loan is still accrued at the end of the year

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