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Part B: Financial Statements (34 marks) The balances of the accounts of Adeline Trading Sdn Bhd for the month ended 31 July 2020 are as
Part B: Financial Statements (34 marks) The balances of the accounts of Adeline Trading Sdn Bhd for the month ended 31 July 2020 are as follows: Accounts payable RM 1,100 Accounts receivable 8,400 Buildings 270,000 Cash 5,600 Sales revenue 40,600 Share capital 261,000 Retained earnings (beginning) 12,900 Dividends paid Insurance expense Supplies Accrued expenses payable Rent expense Salaries expense Cost of Goods Sold RM 5,000 2,200 400 3,300 5,400 7,000 14,900 Required: Prepare an income statement, and a classified statement of financial position for Adeline Trading Sdn Bhd. Show your calculation of Retained Earnings clearly
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