QUESTION 4 The following is the trial balance of Tyra Enterprise on 30 June 2016. Debit Credit RM RM Advertising 750 Bank 5810 Capital 20000 Discount 245 125 Drawing 1800 Fitting 24000 Accumulated depreciation (fitting) 11500 Miscellaneous expenses 7510 Inventories 25000 Cash 2550 Allowance for doubtful debt 2550 Purchase 359110 Return 8900 4230 Rental 18000 Maintenance 6500 Salary 36800 Sales 459900 Creditor 26620 Debtor 38325 Carriage fee 1245 530735 530735 TURN OVER 3 January 2021 / FIB1233 / SET A Additional information: 1. Inventory as at30 June 2016 is RM28 520. 2. Owner bought office equipment by using own money worth RM6 750 and not yet recorded. 3. Fitting are depreciated at 10% straight line method. 4. Rejected check been recorded but cancellation of discount given worth RM35 are not yet recorded. 5. Allowance for doubtful debt is 5% on account receivable. 6. Owner has taken RM120 of stationery and been recorded as miscellaneous expenses. 7. Invoice RM1 800 for rental is for 3 months up to 31st August 2016. 8. Monthly advertising cost is RM450. Last invoice received is on April 2016. 9. Sales including RM2 400 work to be done in September 2016. Prepare: a) Statement of Comprehensive Income for the year ending 30 June 2016 b) Statement of Financial Position as at 30 June 2016 (40 marks)