ANSWER ALL QUESTIONS. Cr(RM) 30,955 9.370 Question 1: L Strokes drew up the following trial balance as at 30 September 2013 Dr(RM) Capital Drawings 8,420 Cash at bank 3.115 Cash in hand 295 Account receivables & payables 12,300 Inventory 1 October 2012 23,910 Van 4.100 Office equipment 6,250 Sales and purchases 92,100 Return inwards and outwards 550 Carriage inwards 215 Carriage outwards Stationery 1.630 Rent 2.970 Telephone charges 405 Wages and salaries 12,810 Insurance 492 Office expenses 1.377 Rates 284 RM171,532 130,900 307 309 RM121.532 Inventory at 30 September 2013 was RM27,475. (a) Draft an income statement for the year ended 30 September 2013 for L Strokes. (15 marks) (b) Draw up a statement of financial position for L Strokes as at 30 September 2013. (15 marks) (Total 30 marks)