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Excel Shop Enterprise has the following Trial Balance extracted as at 31 Dec 2016. It's imbalance. The inventory as at 31 December 2016 is RM3,840.

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Excel Shop Enterprise has the following Trial Balance extracted as at 31 Dec 2016. It's imbalance. The inventory as at 31 December 2016 is RM3,840. You are required to: 1) Amend the mistakes done in the trial balance and prepare the updated Trial Balance as at 31 December 2016. 2) Prepare the Income Statement for the year ended 31 December 2016. 3) Prepare the Statement of Financial Position as at 31 December 2016

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