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BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 4 [15 MARKS] Below is the Adjusted Trial Balance for Blue Diamond Berhad as at 31 December 2018. Credit

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BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 4 [15 MARKS] Below is the Adjusted Trial Balance for Blue Diamond Berhad as at 31 December 2018. Credit (RM) 10,000 Blue Diamond Berhad Adjusted Trial Balance 31 December 2018 Account Title Debit (RM) Cash 757,400 Accounts Receivable 332,900 Supplies 80,000 Prepaid Insurance 291,200 Office Equipment 100,000 Accumulated Depreciation - Office Equipment | Office Car 250,000 Accumulated Depreciation - Office Car Accounts Payable Notes payable Rent Payable Dividends Payable Unearned Service Revenue Ordinary Share Capital Retained Earnings (1 January) Service Revenue Salaries and Wages Expense 58,800 Rent Expense 86,700 Utilities Expense 36,800 Supplies Expense 50,000 Insurance Expense 4,800 Depreciation Expense - Office Equipment 5,000 Depreciation Expense - Office Car 22,500 Dividends 75,000 Total 2,151,100 47,500 234.900 120,000 9.600 75,000 171,400 900.000 250.000 332,700 2,151,100 Required: (a) Prepare the Statement of Profit or Loss for the year ended 31 December 2018. (b) Prepare the Statement of Retained Earnings for the year ended 31 December 2018. (c) Prepare the Statement of Financial Position as at 31 December 2018

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