Question 2 Mr. Marvin is a merchandising company which has business operations in Ipoh, Perak. The following trial balance has been extracted from the books as at 31 July 2021. Marvin Enterprise Trial Balance as at 31 July 2021 Debit Credit Descriptions Purchases and Sales Returns Carriage inwards Carriage outwards RM RM 365,000 5,300 820,000 1,200 3,200 7,200 Rental 4,200 Salary 110,000 Advertising 600 Building maintenance 150,600 Repair of motor vehicle 30,200 Office expenses 43,600 Interest on loan. 2,400 Bad debt 360 Building (Cost) 230,000 Fixtures and fittings 85,200 Accumulated depreciation as at 1 August 2020 Building 42,000 Fixtures and fittings 13,200 Inventory as at 1 August 2020 35,000 Account receivables and Account payables 136,840 60,200 Bank 7,650 Bank loan 10% 80,000 Capital 192,350 1,213,150 1,213,150 Other information: 1) Closing inventories as at 31 July 2021 was estimated to be worth RM18,900. 2) Included in building maintenance expenses is a building renovation cost RM65,000. 3) Accrued Expenses: Rental RM800, Salary RM3,250. 4) Prepaid Expenses: Advertising RM575.