Part A Listed below are selected list of accounts for Hulhumale Berhad as at 30 September 2019. Accounts Cash Beach Supplies Water Sport Equipment Accumulated Depreciation - Water Sport Equipment Accounts Payable Ordinary Share Capital Dividends Island Hopping Revenues Snorkeling Revenues Scuba Diving Revenues Advertising Expense Beach Supplies Expense Depreciation Expense - Water Sport Equipment Jet Ski Rental Expense Water Boarding Rental Expense Lifeguard Expense Account Balances (After Adjustment) RM12.000 8,000 100,000 24,000 10,000 40,000 24,000 120,000 74,000 38,000 24,000 38,000 8,000 32,000 24,000 26,000 Required: List the temporary accounts to be closed at the end of the year. (10 marks) Continued... PNIR 2/5 BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING 4 MARCH 2020 Part B Huraa Berhad completed the following merchandising transactions using a perpetual inventory system March 4 Huraa Berhad uses as a purchase invoice the sales invoice prepared by Mirihi Enterprise of RM7,600 with credit terms 10/12, 1/30. 6 Upon delivery of the goods, Huraa Berhad pays RM300 for freight charges by cash. 8 Huraa Berhad returned goods costing RM600 to Mirihi Enterprise. 10 Sold goods on account to Barus Co. at RM10,000, term 1/10, 1/30. The cost of the goods sold was RM4,200. 14 Huraa Berhad pays the balance due to Mirihi Enterprise. Required: Prepare the journal entry to record the transactions above. (15 marks) TOTAL 25 MARKSI