Question 1 The following trial balance was extracted from the book of Almond Limited at 31 December 2018: Trial Balance as at 31 December 2018 Particular(s) Debit (RM) Credit (RM) Purchases and Sales 34,200 68,400 Returns 4,200 3,400 Capital 150,000 Drawings 4,000 Motor vehicles at cost 58,300 Accumulated depreciation - motor vehicles 15,200 Machinery at cost 120,000 Accumulated depreciation - machinery 20,600 Bad debts 3,100 Electricity expenses 2,800 Sundry expenses 1,400 Rental expenses 25,400 Carriage inwards 2,600 Allowance for doubtful debts 2,550 Account receivables 35,000 Account payables 19,500 Inventory as at 1 January 2018 12,800 Bank 5,850 Loan 30,000 309,650 309,650 Inventory as at 31 December 2018 amounted to RM18,500. Electricity expenses due at 31 December 2018 amounted to RM850. The following notes are relevant: i. ii. iii. iv. v. vi. Rental paid in advance amounted to RM5,500. Additional bad debt to be written off amounted to RM2,200. Allowance for doubtful debts is to be adjusted at 5%. Depreciations are to be provided as follows: Motor vehicles: 12% per annum on reducing balance method Machinery: 10% per annum on straight line method