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Question 2a,b,c&d Question 2 Sepah Enterprise sold goods on credit to most of its customers. Below are the information of its accounts receivable as at

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Question 2a,b,c&d

Question 2 Sepah Enterprise sold goods on credit to most of its customers. Below are the information of its accounts receivable as at January 2019: Accounts receivable RM105,330 AFDD RM6,435 During the year ended 31 Decemebr 2019, the following transactions were still not recorded in the books: (i) Goods sold on credit amounting to RM25,000 (ii) Bad debts of RM1,500 to be written off (iii) Receivables made payment by cheque amounting to RM5,000 (iv) Allowance for doubtful debts at 10% of net accounts receivable Required: Prepare the following accounts for the year ended 31 December 2019: a) Accounts receivable account b) Allowance for doubtful debts account c) Extract of statement of profit or loss and other comprehensive income for the year ended 31 December 2019 d) Extract of statement of financial position as at 31 December 2019

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