Jan 1 Company borrow RM 10000 from bank in notable and annually interest is 6%Jan 2 Company receive RM 4000 in cashJan 3 Prepaid rent of office RM 24000 annually Jan 4 Paid RM 50to Stars news for advertisementJan 5 Purchased office equipment for RM 2400 in creditJan 6 Paid RM 2000 for employee salaries monthlyJan 7 Paid RM 250 for electricity billsJan 9 Enterprise participate in philanthro

ABC Enterprise Income Statement/ Statement of profit or loss For the year ended 31 December 2013 RM RM RM Revenues Sales X Less : Return inwards (x ) Net Sales X Less : Cost of Goods Sold Opening inventory X Purchases X Less: Return Outwards (xx) Net purchases Xx Add: Carriage inwards X Add: Insurance on Purchase X Add: Duty of purchase Cost of goods purchased XX Cost of Goods available for sale XXx Less : Closing Inventory (x) Xx Gross Profit Xx Add : Other Revenues Discount received X Commission received Rent received X Interest on fixed deposit XX