Question 2 The trial balance is taken from Zainah a sundry shop owner at 31 Dec 2004. Dr RM Cr RM 38 660 1 300 4 000 750 3 600 10 500 5 700 11 200 180 900 Capital Drawing Bank Cash Receivable and Payable Purchase & Sales Return Inwards & Outwards Carriage Inwards Provision for doubful debts Sundry Expenditure Salary Stationery Utilities Stock 1 Jan 2004 Furniture Vehicle 280 100 5 500 170 600 6 900 2 200 19 500 56 020 56 020 Additional Information : (i) Inventory at 31 December 2003 being valued at $ 6 320. (ii) Salary had been still owing amounting to $ 500 (iii) Stationery is still not being used amounting to $ 70. (iv) Furniture is being depreciated at the rate of 15% on the reducing balance method. (v) Provision for doubful debts is being valued at 5 % You are required to prepare : b) Statement of Financail Position as at 31 December 2004