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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 Share
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 Share capital Inventory at 30 June 2019 Trade receivables Trade payables 10% debentures Revaluation reserve 12,310 20,000 16,000 Retained earnings 3,940 Debenture interest 1.000 35,000 Equipment at cost Motor vehicles at cost Bank 26,500 3,619 Cash in hand 180 Sales 99,500 Purchases 68,600 Returns 1.150 2.250 Carriage inwards 240 Wages & salaries 11,000 Rent, assessment and insurance 5,170 Discounts 1.246 640 Directors' remuneration 2.500 Accumulated depreciation: 7 8,400 - Equipment - Motor vehicles 10,350 223,390 223,390 The following information as at 30 June 2020 are as follows: i. . 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. iv. Depreciation on cost: Equipment 10%; Motor vehicles 20% v. Transfer to General Reserve RM1,000. vi. Corporate tax is RM2,000. Required: Prepare the Statement of Comprehensive Income, and Statement of Financial Position as at 30 June 2020 for internal use. (30 marks]
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