SOCIE

Credit RM 700,000 50,000 425,000 800,000 192,000 Snow Berhad Trial Balance as at 31 August 2019 Debit RM Ordinary 50 sen shares SOCIE & SOFP 10% Debentures SOFP Cash at bank SOFP 22,000 Debenture interest interest paid during the year) I/S 2,500 Share Premium (under share capital) SOCIE & SOFP Interim ordinary dividends paid SOCIE 25,000 Final ordinary dividend paid (relating to last year) SOCIE 30,000 Sales revenue I/S Revaluation reserve SOCIE Distribution costs 1/S 102,500 Administration costs I/S 89,000 Purchases I/S 425,000 Trade payables SOFP Trade receivables SOFP 95,400 Freehold land SOFP 1,302,000 Taxation (Under provision) W/S (Tax expense) 2,000 Motor vehicles SOFP 48,000 Vehicles: Accumulated depreciation SOFP Inventory at 1 September 2018 (Beginning) I/S 68,000 Retained earnings at 1 September 2018 SOCIE & SOFP Fixtures & fittings SOFP 125,000 Fixtures & fittings: Accumulated depreciation SOFP 2,336,400 60,000 20,000 72,000 17,400 2,336,400 Required: Prepare Snow Berhad's Statement of Comprehensive Income and SOCIE for the year ended 31 August 2019 and the entries for the Statement of Financial Position to take account of the following: A final ordinary dividend of RM0.10 per share was proposed on 10 September 2019. Interest on debentures. Taxation - estimate for the year ended 31 August 2019 is RM31,000. Inventory at 31 August 2019 is valued at RM78,000. . . Credit RM 700,000 50,000 425,000 800,000 192,000 Snow Berhad Trial Balance as at 31 August 2019 Debit RM Ordinary 50 sen shares SOCIE & SOFP 10% Debentures SOFP Cash at bank SOFP 22,000 Debenture interest interest paid during the year) I/S 2,500 Share Premium (under share capital) SOCIE & SOFP Interim ordinary dividends paid SOCIE 25,000 Final ordinary dividend paid (relating to last year) SOCIE 30,000 Sales revenue I/S Revaluation reserve SOCIE Distribution costs 1/S 102,500 Administration costs I/S 89,000 Purchases I/S 425,000 Trade payables SOFP Trade receivables SOFP 95,400 Freehold land SOFP 1,302,000 Taxation (Under provision) W/S (Tax expense) 2,000 Motor vehicles SOFP 48,000 Vehicles: Accumulated depreciation SOFP Inventory at 1 September 2018 (Beginning) I/S 68,000 Retained earnings at 1 September 2018 SOCIE & SOFP Fixtures & fittings SOFP 125,000 Fixtures & fittings: Accumulated depreciation SOFP 2,336,400 60,000 20,000 72,000 17,400 2,336,400 Required: Prepare Snow Berhad's Statement of Comprehensive Income and SOCIE for the year ended 31 August 2019 and the entries for the Statement of Financial Position to take account of the following: A final ordinary dividend of RM0.10 per share was proposed on 10 September 2019. Interest on debentures. Taxation - estimate for the year ended 31 August 2019 is RM31,000. Inventory at 31 August 2019 is valued at RM78,000