Question 2 Sejahtera Company prepares a trial balance as at October 31, 2008, the end of the current fiscal year: Sejahtera Company Trial Balance as at October 31, 2008 Accounts Debit (RM) Credit (RM) 5.500 17,000 4,100 500 Cash Debtors/Creditors Provision for doubtful debts Opening stock Prepaid Insurance Supplies Land Building Accumulated depreciation-building Equipment Accumulated depreciation equipment Loan Prepaid rent revenue uneamed rent Capital Drawing 26.800 3,000 1,950 70.000 100,500 81,700 72.400 63,800 100.000 1,500 57,700 4,000 U.S.) EN @NW! View Table Tools Design Layout Layout Retencer Mailings Review Hew Rom - 12 JANARI E u be x, x' A.B.A.EE Font G 2017 AaBbCd | l Heading 1 1 Normal AaBbCd AaBb AaBb 1 No Spaci... Heading 2 Title Styles AaBbcc AaBhCcD Subtitle Subtlen. Paragraph O 100,000 1,500 57.700 Loan Prepaid rent revenue/unearned rent Capital Drawing Purchases/Sales Salaries and wages expense Advertising expense Utilities expense Repairs expense Miscellaneous expense 196,700 4,000 98,700 60,200 18,500 15.100 9,300 3,050 TOTAL 506,000 506,000 Additional information for year end adjustments are as follows: Closing stock at October 31, 2008 was valued at RM35,600 Insurance expired during the year is RM2,000 Supplies on hand at October 31 are RM450 Depreciation for building and equipment for the year are RM1 620 and RM3,160 respectively Accrued salaries and wages at October 31 are RM2,000 Uneamed rent at October 31 is RM500 Loan RM100,000 was received from Bank Bersatu on August 1, 2008. Annual interest rate was 5%. Interest payable twice a year, Jun 30, and December 31 First payment of the loan RM10,000 is on August 1, 2009 YUP 1:21:31:41556 1718 19 10 11 Styles 15 12 viii) Provision for doubtful debts is estimated at 2% of the debtors balance. You are required to: a) Record the adjusting entries into general journal (omit the explanation) b) Prepare an income statement for the year ended October 31, 2008. c) Prepare a balance sheet as at October 31, 2008