Credit 120,000 135.000 1.006 870 QUESTION 1 The following Trial Balance has been extracted from the ledger of Dewi, a sole trader. DEWI Trial Balance as at 31 December 2012 Debit (RM) Opening Capital, 1 January 2012 Drawings 2,500 Bank 15,000 Cash 7,500 Sales Purchases 85,700 Sales returns 1.725 Purchases returns Wages on purchases 1,329 Interest revenue Interest paid 3,500 Opening stock 7.900 Carriage inwards 400 Carriage outwards 700 Debtors 59,891 Creditors Commission revenue Commission paid 2,000 Motor vehicles 95.100 Salaries 5,000 Rent and rates 3,000 Light and heat 750 Fixtures and fittings 10,320 Telephone and postage 610 Discount allowed 450 Discount received 303,375 Additional information: a) Closing stock on 31 December 2012 was RM5,000 at market price and RM4,900 at cost. b) Salaries accrued RM750. c) Commission revenue accrued RM300. d) Rent and rates paid in advance RM1,000 e) Interest revenue in advance RM70. You are required to preparo: al Statement of Comprehensive Income for the year ended 31 December 2012 b) Statement of Financial Position as at 31 December 2012 Gross Profit: RM43,851 Net Profit: RM30,691 Statement of Financial Position: RM194,011 45,000 1.200 300 303,375