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Prepare the Statement of Financial Position as of 31 December 2019, for TT Resources Berhad. Account Payable Common Stock Investment Securities Accumulated Depreciation Prepayment Other

Prepare the Statement of Financial Position as of 31 December 2019, for TT Resources Berhad.

Account Payable Common Stock Investment Securities Accumulated Depreciation Prepayment
Other Reserved Tax Payable Equipment Cash Account Receivable
Preferred Stock Long-Term Financing Retained Earnings Notes Payable Accrued Expenses
Mortgage Loan Bank Bond

RM 51,000 RM 41,000 RM 5,000 RM30,000 RM 18,800
RM50,000 RM 25,500 RM 32,000 RM 10,000 RM 62,000
RM 46,200 RM 66,000 RM 90,000 RM 23,500 RM 35,000
RM 44,000 RM 42,000 RM 188,000

Additional Information:

  1. Land: RM 300,000
  2. Inventories: RM40,000
  3. Current Ratio: 1.5 Times
  4. Cash & Banks = 35% of Currents Assets
  5. Retained Earnings = 12% of Fixed Assets

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