QUESTION 2 Part A The adjusted trial balance of Solitaire Sdn Bhd at the end of its fiscal year: Solitaire Sdn Bhd Adjusted Trial Balance 30 June 2019 Debit (RM) Credit (RM) Cash 14,820 Accounts Receivable 8,780 Equipment 15,900 Accumulated Depreciation - Equipment 5,400 Accounts Payable 4,200 Unearned Rent Revenue 1.800 Ordinary Share Capital 45,200 Dividends 16,000 Commission Revenue 67,000 Rent Revenue 6,500 Depreciation Expense - Equipment 4,000 Salaries Expense 55,700 Utilities Expense 14,900 Total 130,100 130,100 Required: Prepare closing entries using general journal form. (10 marks) Part B Stardew Berhad is a merchandise company that buys and sells hiking backpacks. During the month of November 2019, the following merchandise transactions occurred. Nov 2 Purchased from Gummy Berhad 800 units of hiking backpacks worth RM40 each on account. The terms were 10/10, n/30 FOB shipping point. The appropriate party made cash payment of RM110 for freight charges on this date. 4 Returned 80 units of hiking backpacks to Gummy Berhad due to some defect. 6 Sold to Monopoly Sdn Bhd 450 units of hiking backpacks worth RM60 each on account. The terms were 5/15, n/30 FOB shipping point. The appropriate party made cash payment of RM110 for freight charges. 10 Paid Gummy Berhad. Continued... PNIR 3/6 BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING 10 MARCH 2021 Required: Prepare the journal entries to record the transactions using a perpetual inventory system. Show all your workings. (15 marks) [TOTAL 25 MARKS