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Question 6 The Trial Balance of Supercomfort Sdn. Bhd. at 30 June 2020 is given as follows: DR CR RM RM 50,000 38,295 26,890 12,310

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Question 6 The Trial Balance of Supercomfort Sdn. Bhd. at 30 June 2020 is given as follows: DR CR RM RM 50,000 38,295 26,890 12,310 20,000 16,000 3,940 Share capital Inventory at 30 June 2019 Trade receivables Trade payables 10% debentures Revaluation reserve Retained earnings Debenture interest Equipment at cost Motor vehicles at cost Bank Cash in hand Sales Purchases 1,000 35,000 28,500 3,619 180 99,500 68,600 Returns 1,150 2,250 240 Carriage inwards Wages & salaries 11,000 Rent, assessment and insurance 5.170 Discounts 1.246 640 Directors remuneration 2.500 Accumulated depreciation Equipment 8,400 Motor vehicles 10,350 223,390 223,390 The following information as at 30 June 2020 are as follows: Inventory at 30 June 2020 is valued at RM49,371. ii. The share capital consisted of 25,000 ordinary shares and 25,000 of 10% preference shares. The dividend on the preference shares was yet to be paid and a dividend of 20% on the ordinary shares was proposed. Rent of RM1, 000 and directors' remuneration of RM2,500 are accrued. Insurance prepaid is RM300. Depreciation on cost: Equipment 10%; Motor vehicles 20%. Transfer to General Reserve RM1,000. iv. V. vi. Corporate tax is RM2,000. Required: Prepare the Statement of Comprehensive Income, and Statement of Financial Position as at 30th June 2020 for internal use. [30 marks]

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