Financial accounting... Internal use company

Question 1 Brewstons Ltd, a small firm of consultants, had the following Trial Balance at 31 March 2019: DEBIT CREDIT 185,450 23,450 121,348 1,345 28,350 465 2,490 Fee income Office Expenses Salaries Advertising Account Receivables Account Payables Bank Office Machinery - cost - accumulated depreciation Office Furniture - cost - accumulated depreciation Vehicles - cost - accumulated depreciation Ordinary Share Capital RM 1 Retained Earnings as at 1 April 2018 32,400 16,400 16,250 7,450 64,200 21,400 40,000 13,688 287,343 287,343 The following matters have still to be taken into consideration: (a) Depreciation on vehicles and office machinery is calculated on the reducing balance basis at 15% per year. Depreciation on office furniture is calculates at 5% per year on cost. Provision for an audit fee of RM 2,250. Provision for bad debt is estimated at 5% of debtor after deducting bad debts of RM1200. (b) The following matters have still to be taken into consideration: (a) (b) (C) Depreciation on vehicles and office machinery is calculated on the reducing balance basis at 15 % per year. Depreciation on office furniture is calculates at 5% per year on cost. Provision for an audit fee of RM 2,250. Provision for bad debt is(estimated at 5% of debtor after deducting bad debts of RM1200 Income tax for the year is estimated at RM 13,000. Salary for the month of April 2019, RM 20,000 was paid in March 2019. (d) (e) Required: Prepare the relevant financial statement for the year to 31 March 2019