Mr Ramesh's business does not keep proper business records The summary of his business book entries is as follows: Descriptions Account receivable Prepaid insurance Inventories Account payable Warehouse equipment Accrued office expenses 1 May 2019 RM 160,800 2.400 91,000 91,200 60,000 1.400 30 April 2020 RM 159,880 2.280 94.600 91.360 61.000 1.720 Analysis on the cheque book, bank in slips and bank statements produced an account as follows: Bank Account RM RM Beginning balance 7.000 Cash purchases 1.830 Return outwards 350 Payment 62.208 Receivables 106,800 Return inwards 404 Cash sales 36,000 Rent expenses 11.422 Miscellaneous expenses 40.364 Office expenses 4.800 Warehouse equipment 6,000 Salesmen's commission 18,212 Insurance 600 Ending balance 4,328 150.500 150.500 Additional information Discount allowed and discount received throughout the year are RM3,500 and RM7,300, respectively One of Mr Ramesh's customers was declared bankrupt and this customer owed RM 900 Mr Ramesh's business does not keep proper business records The summary of his business book entries is as follows: Descriptions Account receivable Prepaid insurance Inventories Account payable Warehouse equipment Accrued office expenses 1 May 2019 RM 160,800 2.400 91,000 91,200 60,000 1.400 30 April 2020 RM 159,880 2.280 94.600 91.360 61.000 1.720 Analysis on the cheque book, bank in slips and bank statements produced an account as follows: Bank Account RM RM Beginning balance 7.000 Cash purchases 1.830 Return outwards 350 Payment 62.208 Receivables 106,800 Return inwards 404 Cash sales 36,000 Rent expenses 11.422 Miscellaneous expenses 40.364 Office expenses 4.800 Warehouse equipment 6,000 Salesmen's commission 18,212 Insurance 600 Ending balance 4,328 150.500 150.500 Additional information Discount allowed and discount received throughout the year are RM3,500 and RM7,300, respectively One of Mr Ramesh's customers was declared bankrupt and this customer owed RM 900