Table 2.1 shows the financial records ending 31st December 2021 for DSB Enterprise. Table 2.1: Financial statements for DSB Enterprise Item Value RM 80,000 RM 7,000 RM 5,080 RM 23,000 RM 20,000 RM 5,100 RM 28,000 RM 27,884 RM 5,828 Sales Stock on 1st Jan 2021 Stock on 31st Dec 2021 Purchase Furniture Administration cost Capital Bank Creditors Accounts receivable Overdraft Debenture Rent paid Depreciation allocation for furniture Owner's draw Commission received Cash RM 3,000 RM 3,180 RM 1,400 RM 12,000 RM 1,000 RM 2,370.40 RM 1,500 RM 8,560 It should be noted that the depreciation of furniture is 10% per year. Meanwhile, the information given are 20% of tax will be paid and it is agreed that 15% dividend will be distributed to the shareholders. 4 -SEMM3823- a) Construct an income statement and a balance sheet for DSB Enterprise. (10 marks), b) After the construction of the income statement and the balance sheet, the company's financial department realized that there are certain missing transactions. The missing transactions have been listed below. 1) The company bought a new computer using cash RM 2,000. 2) Sold old furniture and received cheque RM 1,500 3) Received cash RM 2,000 and cheque RM 500 for payment of account receivables. 4) Owner brought in an old van worth RM 30,000 to be used by the company. 5) Owner paid RM 1,000 debt using cheque to a creditor. Analyse the information (1) to (5) and construct a new Balance Sheet.

Table 2.1 shows the financial records ending 31 December 2021 for DSB Enterprise. It should be noted that the depreciation of furmiture is 10% per year. Mearrwhile, the information given are 20% of tax will be paid and it is agreed that 15% dividend will be distributed to the shareholders. 4 SFMM3*23. a) Construct an inconse statement and a balance sheet for DSB Entetperise. ( 10 marks) b) After the constraction of the income staterncet and the balance sheet, the company's financial department realined that there are ccrtain messing transactions. The tussing transactions have bect listed below, 1) The company bought a new cornputer wsing cash RM 2.000 . 2) Sold old furniture and received cheque RM 1, 500 3) Received cash RM 2,000 and cheque RMI 500 foe payment of account receivables. 4) Owncr brought in an old van worth RM 30,000 to be ascd by the company. 5) Owner paid RM 1,000 debt using cheque to a croditer