Question 4 After you have prepared the trial balance for Question 3, you notice the trial balance cannot be balance due to following errors:

1. Cash payment of RM500 for stationery was completely omitted from the books.

2. Discount received of RM2,000 was debited to discount allowed account.

3. Sales of RM3,800 to Molly was not recorded in her account. 4. RM1,000 for upkeep of motor vehicle was debited to motor vehicle account. No depreciation has yet to be provided.

Required:

(a) Prepare the Suspense Account. [5 marks]

(b) Prepare the adjusted Trial Balance. [5 marks]

Question 5 Using the trial balance prepared in Question 4, prepare the Statement of Comprehensive Income as at 31 December 2019 for ABC Sdn Bhd.

The following information is relevant:

The closing inventory was RM47,000. [20 marks]

Question 6 Using the trial balance prepared in Question 4 and Statement of Comprehensive Income prepared in Question 5, prepare the Statement of Financial Position as at 31 December 2019 for ABC Sdn Bhd. [20 marks]