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please if possible the answer for this question QUESTION 2 [31 MARKS PART A [17 MARKS] Cempaka Sdn. Bhd. a furniture manufacturing company produced the
please if possible the answer for this question
QUESTION 2 [31 MARKS PART A [17 MARKS] Cempaka Sdn. Bhd. a furniture manufacturing company produced the trial balance information for the year ended 31 May 2020. RM 3,410 380,400 Inventory: 1 June 2019 Carriage outwards Carriage inwards Return inwards and Return outwards Purchases and Sales Salaries and wages Warehouse rent Insurance Motor expenses Office expenses Lighting and heating expenses General expenses Premises Motor vehicles Fixtures and fittings Accounts receivable and Accounts payable Cash at bank Drawings Capital Rental Income RM 41,600 2.100 3,700 1,540 188.430 61,400 3,700 1.356 1,910 412 894 245 92.000 13,400 1,900 42,560 25.106 22.000 31,600 68,843 20,000 504,253 504,253 Inventory at 31 May 2020 was RM44,780. Required: Prepare a Statement of Profit and Loss for the financial year ended 31 May 2020. [11 Marks) b) Prepare a Statement of Financial Position as at 31 May 2020. [6 Marks)Step by Step Solution
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