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Question 3 The following trial balance has been extracted from the ledger of Teh Kopi Enterprise. Teh Kopi Enterprise Trial Ralanna so ot 218t naramber

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Question 3 The following trial balance has been extracted from the ledger of Teh Kopi Enterprise. Teh Kopi Enterprise Trial Ralanna so ot 218t naramber 2022 Additional information: 1. Inventory as at 31st December 2022 was valued at RM25,000. 2. Expenses that have not entered into the accounts were: a) Maintenance expenses - RM3,000 b) Staff salaries - RM2,500 3. Depreciation is to be provided as follows: Motor Vehicle 25% on straight line basis Required: (a) Prepare journal entries for the above adjustments. Show your calculations and workings. (b) Prepare a Statement of Profit or Loss for the year ended 31st December 2022. (c) Prepare a Statement of Financial Position as at 31st December 2022. Question 3 The following trial balance has been extracted from the ledger of Teh Kopi Enterprise. Teh Kopi Enterprise Trial Ralanna so ot 218t naramber 2022 Additional information: 1. Inventory as at 31st December 2022 was valued at RM25,000. 2. Expenses that have not entered into the accounts were: a) Maintenance expenses - RM3,000 b) Staff salaries - RM2,500 3. Depreciation is to be provided as follows: Motor Vehicle 25% on straight line basis Required: (a) Prepare journal entries for the above adjustments. Show your calculations and workings. (b) Prepare a Statement of Profit or Loss for the year ended 31st December 2022. (c) Prepare a Statement of Financial Position as at 31st December 2022

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