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please do it in detail QUESTION Brother Berhad is a consultation business that provide consultation service regarding accounting treatment. The following balances have been extracted
please do it in detail
QUESTION Brother Berhad is a consultation business that provide consultation service regarding accounting treatment. The following balances have been extracted from the books of Brother Berhad as at 31 December 2000 Debit (RM) Credit (RM) Consultation service Salaries expenses 125.000 Advertising expenses Prepaid insurance Entertainment experts 7.875 Utilities charges 3.750 Rental and maintenance 27,000 Miscellaneous expenses 58.000 Share capital-cdinary 300,000 Supplies 105.000 Transportation cost 24,000 Investments 200,000 Land 300,000 Copyrights Building 325.000 Furniture and Fixtures Accumulated Depreciation Building Furniture and Fixtures 13,000 5% Loan from CIMB Cash 58.000 Account receivable 65,000 Account payable Dividend 50,000 Retained earning, 1 Jan 95.125 1.731,625 1.731425 54.000 Additional information: 1. Interest on loan is not yet paid for the year. The CIMB loan is sign on April 2020 and the loan will mature in 5 years 2. Acquired a copyright on 1 January 2020. The copyright has a useful life of 40 years. Continued... RIDAMENTALEGRIANSAARENTE 3. Depreciation was to be provided: Building 2on straight line method Furniture and Fixtures 10 straight line method 4. Total utilities charge for the year is RM4,000. 5. Supplies balance on 31 December 2000 was RM35.000 6. Insurance paid on 1 July 2020 for twelve-month coverage 7. Consultation service completed but not billed with amount RM25.000 8. Including in the trial balance are RM3,000 rental and maintenance paid for January 2021 Required: ) Prepare the statement of profit or loss for the year ended 31 December 2000 (12 mars b) Prepare the retained caring statement for the year ended 31 December 2020 c) Prepare the statement of financial position as at 31 December 2030 (9 marks) Total 25 marks Step by Step Solution
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