Best Glove Berhad, a public company, closes its accounts on June 30 every year. The company reported the following unadjusted trial balance on June 30, 2020: Debit Credit RM RM Property, plant and equipment 985360 Cash and cash equivalent 52,500 Prepayment 14.400 Patent 150,000 Sales revenue 1,220,150 Sales return 12.150 Cost of sales 778.550 Other income 13,810 Inventory 144,000 Trade receivables 57.000 Allowance for doubtful account 6,400 Uneamed rent revenue 7,200 Administrative expenses 123,000 Other operating expenses 57,300 Tax expense 22.900 Trade payables 80,500 Other payables 19,000 12% Long-term loan 100,000 Ordinary share capital 830,000 Retained carnings (as at 1/7/2019) 125,500 Finance costs 2.402.560 2.402.560 $400 The following are yet to be adjusted as a year end June 30, 2020 a. The inventory has a net realizable value of RM130,000. b. The unearned rent revenue recorded 3 months rent revenue collected in advance on May 2020 c. It was determined that RM2,050 of customer balance is to be written off at year end 2020. A chaque for RM900 is received from a customer whose account was written off in the previous accounting year, 2019. The company estimates 10% of outstanding trade receivable balance to be uncollectible in the current year Best Glove Berhad, a public company, closes its accounts on June 30 every year. The company reported the following unadjusted trial balance on June 30, 2020: Debit Credit RM RM Property, plant and equipment 985360 Cash and cash equivalent 52,500 Prepayment 14.400 Patent 150,000 Sales revenue 1,220,150 Sales return 12.150 Cost of sales 778.550 Other income 13,810 Inventory 144,000 Trade receivables 57.000 Allowance for doubtful account 6,400 Uneamed rent revenue 7,200 Administrative expenses 123,000 Other operating expenses 57,300 Tax expense 22.900 Trade payables 80,500 Other payables 19,000 12% Long-term loan 100,000 Ordinary share capital 830,000 Retained carnings (as at 1/7/2019) 125,500 Finance costs 2.402.560 2.402.560 $400 The following are yet to be adjusted as a year end June 30, 2020 a. The inventory has a net realizable value of RM130,000. b. The unearned rent revenue recorded 3 months rent revenue collected in advance on May 2020 c. It was determined that RM2,050 of customer balance is to be written off at year end 2020. A chaque for RM900 is received from a customer whose account was written off in the previous accounting year, 2019. The company estimates 10% of outstanding trade receivable balance to be uncollectible in the current year