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Presented below is the adjusted trial balance of ZMDI Bhd at 31 December 2019. ZMDI Bhd Trial balance 31 December 2019 Credit Debit RM RM
Presented below is the adjusted trial balance of ZMDI Bhd at 31 December 2019. ZMDI Bhd Trial balance 31 December 2019 Credit Debit RM RM 9.500 190,800 136,500 18,500 165.000 17,000 1,250,000 131,500 50,000 29.000 14,500 18,500 59,000 237,500 100,000 Purchase discounts Cash Accounts receivable Rent revenue Retained earnings Salaries and wages payable Sales revenue Notes receivable Accounts payable Accumulated depreciation equipment Sales discounts Sales returns and allowances Notes payable Selling expenses Administrative expenses Share capital-ordinary Income tax expense Cash dividends Allowances for doubtful accounts Supplies Freight-in Land Equipment Bonds payable Gain on sale of land Accumulated depreciation-buildings Inventory 1 January 2016 Buildings Revaluation of land Purchases Total 300.000 53,900 47,000 6,000 14,500 19,500 100,000 150,000 100,000 19,000 18,600 89.900 99,000 21,500 660,000 2,063,100 2,063,100 A physical count of inventory on 31 December 2019 resulted in an inventory amount of RM65,500. REQUIRED: 1. Prepare Statement of profit or loss and other comprehensive income (one-statement format) for ZMDI Bhd for the year ended 31 December 2019. (15 Marks) 2. Prepare the Statement of Financial position for the year ended 31 December 2019
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