Additional information: - Inventory count shows an inventory balance of RM 93,000 on 30 June 2020.

- Office supplies on hand on 30 June 2020 has a balance of RM 3,200.

-Depreciation expense is RM 12,000 per annum.

-Prepaid insurance of RM 9,600 expired during the financial year.

- Accrued salaries of RM 4,000.

- Accrued rental of RM 5,000.

- Allowance/provision for doubtful debt is 4% from Account Receivables.

You are required to: a) Show the relevant adjustment entries on June 30, 2020. (8 marks)

b) Prepare the statement of comprehensive income and statement of financial position as at 30 June 2020. (26 marks)

c) Briefly explain the effect of not adjusting for prepaid expenses. (6 marks)

Additional information: Inventory count shows an inventory balance of RM 93,000 on 30 June 2020. Office supplies on hand on 30 June 2020 has a balance of RM 3,200. Depreciation expense is RM 12,000 per annum. Prepaid insurance of RM 9,600 expired during the financial year. Accrued salaries of RM 4,000. Accrued rental of RM 5,000. Allowance/provision for doubtful debt is 4% from Account Receivables.

You are required to: a) Show the relevant adjustment entries on June 30, 2020. (8marks)

b) Prepare the statement of comprehensive income and statement of financial position as at 30 June 2020. (26 marks)

c) Briefly explain the effect of not adjusting for prepaid expenses.

I ALREADY PUT THE NEW CLEAR PICTURE BELOW THERE, MAY YOU CHECK IT PROPERLY

TO PUPS NE MU 14 1. 31, 42 DEH ST7.10 WT RUSSO . Chord DRM 130. Program Acord 14.000 by Patricode Merah Sdn. Bhd Unadjusted Trial Balance as at 30 June 2020 RM RM Cash 15,400 Account Receivables 25,000 Inventory 1 July 2019 68,000 Prepaid Insurance 10.800 Office Supplies On Hand 12,500 Furniture And Fittings 120,000 12,000 Accumulated Depreciation : Furniture And Fittings Account Payable 51,100 Capital 68,000 Sales 785.400 Sales Retur 2.600 Sales Discount 4.800 Purchases 420.000 Purchase Retum 4,800 Purchase Discounts 6,000 Freight Inward 8.200 Salaries Expenses 96,000 Rental Expenses 60,000 Advertising Expenses 12.000 Drawings 72,000 Total 927.300 927,300 nin TO PUPS NE MU 14 1. 31, 42 DEH ST7.10 WT RUSSO . Chord DRM 130. Program Acord 14.000 by Patricode Merah Sdn. Bhd Unadjusted Trial Balance as at 30 June 2020 RM RM Cash 15,400 Account Receivables 25,000 Inventory 1 July 2019 68,000 Prepaid Insurance 10.800 Office Supplies On Hand 12,500 Furniture And Fittings 120,000 12,000 Accumulated Depreciation : Furniture And Fittings Account Payable 51,100 Capital 68,000 Sales 785.400 Sales Retur 2.600 Sales Discount 4.800 Purchases 420.000 Purchase Retum 4,800 Purchase Discounts 6,000 Freight Inward 8.200 Salaries Expenses 96,000 Rental Expenses 60,000 Advertising Expenses 12.000 Drawings 72,000 Total 927.300 927,300 nin