Additional information as at 31 December 2021:

1. Closing inventories is RM12,500.
2. Wages and salaries accrued amount to RM700.
3. Rent prepaid amounts to RM300.
4. Bank loan interest of 10 per cent per annum is outstanding.
5. Provision for doubtful debt for account receivables of 2 per cent is to be made.
6. Depreciation is to be charged at 2 per cent of cost on the premises and 10 per cent of cost on the plant.

You are required to prepare the following for G-Mart Sdn. Bhd.:

1. The journals for adjusting entries of additional information ii, iii, iv and v. (8 marks)
2. Statement of Comprehensive Income for the year ended 31 December 2021. (10 marks)
3. Statement of Financial Position as at 31 December 2021. (12 marks)

PLEASE TYPE THE ANSWER !!!!!!!!!!!!!!!!!!

The following are the accounts' balances of G-Mart Sdn. Bhd. at the end of December 2021. Trial balance of G-Mart Sdn. Bhd. as at 31 December 2021 Debit(RM) Credit (RM) 126,500 Sales 99,850 100,000 25,000 18,000 2,300 8,900 7,500 5,000 Purchases Premises (cost) Accumulated depreciation at 1 January 2021_Premises Plant (cost) Accumulated depreciation at 1 January 2021_Plant Wages and salaries Rent expense Inventories at 1 January 2021 Capital at 1 January 2021 Drawings Carriage inwards Account receivables and Account payables Bad debts written off Other revenue Cash at bank Bank loan 80,000 25,000 4,000 27,500 5,000 16,000 2,000 18,950 30,000 300,750 300,750