Hi, actually i am quite new in the accounting field so i have problem in completing this task. I hope any tutor would don't mind helping me solving this question. Here's the question,

The following is the trial balance of Asbar Sdn Bhd as at 31 December 2019.

Notes:

Unadjusted entries are as follows:

1. Sales of RM10,000 given 10% discount
2. Inventories at 31 December 2019 was RM63,000.
3. Cash donated to charity was RM8,000
4. Loan received from bank RM50,000 on 1 January 2019 @ 10% per annum with bullet repayment in 2022
5. Depreciation on cost
6. Motor vehicles 10% per annum; and
7. Fixtures 20% per annum

both straight line method

1. The provision for bad debts is to be adjusted to 10 per cent of account receivables (after taking into consideration item 1).

Required:

1. Draw up a trading and profit and loss account for the year ending 31 December 2019.

(8 marks)

1. Statement of Financial Position as at 31 December 2019.

(7 marks)