QUESTION 3 (30 MARKS) The following accounts balances were extracted from the books of Saleh Trading for the accounting period ended 31 December 2020. Debit (RM) Credit (RM) Capital - 1 January 2020 470.612 Motor vehicles 120,000 Land and Building 350.000 Fixtures and fittings 80.000 Accumulated depreciation: Motor vehicles 48.000 Fixtures and fittings 40.000 Utilities 10.200 Water and electricity 12.860 Bad debts 11.254 Allowance for doubtful debts 1.800 Inventory - 1 January 2020 31,000 Discount allowed and discount received 3,310 4.136 Purchases and Sales 80.000 140,000 Cash at bank 47,040 Cash in hand 16.112 Drawings 2.000 Bank Loan 50,000 Account Receivables and Account Payables 36.240 60.000 Insurance 16.252 Salaries 19,600 Carriage expenses 1.200 Rental income 24,000 Import duties 8,000 Advertising 5.000 Interest revenue 11.320 Returns inwards and returns outwards 1.000 1.200 851,068 851,068