journal entries for the information added

Sunway Uriveryty Business Schocl Semcle ACCi0:4 Fral Examirason Question 5 [Total: 20 marks] May Flower Sdn Bhd has an authorised share capital of 800,000 RM1 equity shares on 30 April 2013. (1) Closing inventory is RM327,790. (2) Rent owing is RM5,500. (3) Insurance paid in advance is RM400. (4) The provision for doubtful debts is to be increased to 5% of cosing trade receivables balance. (Note: round your answer to the nearest doilar) (5) Debenture interest is payable annually on 1 January and the amount due has to be provided for. (6) Depreciation has not been accounted for in the year. it is company policy to provide for depreciation on plant at a rate of 10% on cost and on motor vehicles at a rate of 25% on cost. 50% of the depreciation on plant is to be allocated to cost of sales and the balance to adminstration expense. \$umway Urwersify Business Schad Sownh locks:4 Find Esartifation (7) RM50,000 is to be transfertod 10 genenal reserves. (8) A dividend of ten cents por equity share is proposed at the year end. (9) 50% of solaries are related to seling and distribution, the renainder to administration dubies. Required: Construct the statement of comprehensive income and the statement of changes in equity for the year endod 30 Aprl 2013. (Note, show all warkings and ignore taxation). (17 marks) AND (b) Examine the attributes of a preterence share that might carabe it to be regarded as being debt capital rather than equily capital. (3 mads)