Principles of Accounting (1)

Please attached the working sheet file.

Question 1 Tootie Leg Consultants provides soccer clinic to uspiring soccer pluyers in Klung Vulley, Footie Leg Consultants has a financial year ending 28 February 2019 The trial balance of Footie Ley Consultants as al 28 February 2019 is shown below: Footie Leg Consultants Unadjusted Trial Balance as at 28 February 2019 Debit (RM) Credit (RM) Accounts Receivable 90.000 Stationery Expense 30005,000 Bad Dchts 4300 Maintenance of machineries 4,500 Discounts Allowed 7.200 General cxpenses 6,000 Stock of stationeries 8.000-5,000 Cash in hand 10.000 Lnlerest on Loun 9.000 Loan given to staffs 18.000 Telecommunication Expense 25.000-1.000 PREPAID TELECOMMUNICATION 1,000 Withdrawals 27.000 Fittings 35.000 Rental Expense 39,000 PREPAID DISTRIBUTION 5.000 Distribution Expenses 50,000-5.000 Salaries 64,000 -4.000 Bank 130.000 Fixed deposits 150.000 Building 180.000 Machineries 540.000 Land! 900,000 RENTAL RECEIVABLE 5,000 SALARIES PAYABLE 4,000 Accounts Payable 56,000 Loan Received from Maybank 350,000 Consultation Fees 615,000 Interest on fixed deposits 43,000 Rental Received 20.000 5.000 Discounts Received 16,000 | Capital 1.200.000 TOTAL 2.300,000 2.300.000 Additional Information: i. 10% of the distribution expense had heen prepaid. 11. Salaries for the month of February 2019 is still outstanding by RM4,000 The telecommunication expense account includes the payment for March 2019 of iii. RM1,000 iv. Rental of RM5,000 is yet to be received. v. Inventory of Stationerics as at 28 February 2019 showed a balance of RM3,000 only. You are required to prepare: 4. Profit & Loss Statement for the year ended 28 February 2019 b. Statement of change in cquity for the year ended 28 February 2019 C. Balance Sheet as at 28 February 2019 (30 marks)