Chinese Conversion Comments Tracking Andy Choi Trial Balance as at 30 September 2020 RM RM 121,050 Capital at 1 October 2019 Drawings Purchases 4,500 108,000 Sales 179,100 2,850 Returns 1,200 19,725 3,945 93,780 1,395 11,000 7.275 200 Motor vehicles, at cost Accumulated depreciation -- motor vehicles Freehold lands, at cost Carriage inwards Accounts receivable Accounts payable Allowance for doubtful debts Motor maintenance expenses Wages and salaries Discounts Fixtures and fittings, at cost Accumulated depreciation - fixtures and fittings General expenses Insurance 875 41,505 2.100 1.250 13,500 2,700 4,925 1,000 6,315 225 Bank Cash Stock at 1 October 2019 8.325 318,370 318,370 Additional information at 30 September 2020: (i) Closing stock was valued at RM7 800 (ii) Wages and salaries owing RM2,190 (iii) Insurance prepaid RM264 (iv) Additional debts of RM300 is to be written off as bad debts. (v) A general expense of RM250 was wrongly taken up in motor expenses. This amount has yet to be adjusted as at end of September 2020. (vi) The allowance for doubtful debts is to be adjusted at 3% of closing accounts receivable (vii) Depreciation is to be provided as follows: Fixtures and fittings 10% using the straight-line method. Motor vehicles 20% using the reducing balance method. Required Prepare the following a) A Statement of comprehensive income for the year ended 30 September 2020. b) A Statement of financial position as at 30 September 2020