Question 4 Strong Wood sells wooden furniture made from oak and mahogany. The business' unadjusted trial balance as of 30 June 2015 is as follows: Strong Wood Unadjusted Trial Balance as at 30 June 2015 Debit Credit RM RM Cash 360,800 Accounts Receivable 120.000 Provision for Doubtful Debts 4,000 Inventory (Opening) 458,700 Delivery Van 125,000 Accounts Payable 249,500 Maintenance Expense 15,400 Capital 318.700 Drawings 35,800 Sales 880,000 Purchases 330,900 Purchases Return 30,200 Fuel Expense 12,800 Salary Expense 23,000 1,482,400 1,482,400 The following balance day adjustments have not been considered for year ended 30 June 2015: Provision for doubtful debts is to be estimated at 5% of total accounts receivable. Fuel expense paid in advance was RM2.600. Salary owing at the end of the period amounts to RM2,800. Delivery van was purchased on 1 January 2015. The business decides to provide depreciation at 8% per annum using the straight-line method. Full depreciation is charged on the year of purchase regardless of the date of purchase. Maintenance expense accrued, RM1,500. Inventory on hand as of 31 December 2015 is RM210,000. Required: (a) Prepare adjusted trial balance (b) Prepare Strong Wood's Statement of Comprehensive Income (Income Statement) for the year ended 30 June 2015 (c) Prepare Strong Wood's Statement of Financial Position as of 30 June 2015