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The balances of the accounts of Adeline Trading dnn Bhd for the month ended 31 July 2020 are as follows: Accounts payable RM 1,100 Dividends

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The balances of the accounts of Adeline Trading dnn Bhd for the month ended 31 July 2020 are as follows: Accounts payable RM 1,100 Dividends paid RM 5,000 Accounts receivable 8,400 Insurance expense 2,200 Buildings 270,000 Supplies 4011 Cash 5,600 Accrued expenses payable 3,300 Sales revenue 40,600 Rent expense 5,400 Share capital 261,000 Salaries expense 7,000 Retained earnings (beginning) 12,900 Cost of Goods Sold 14,900 Required: Prepare an income statement, and a classied statement of nancial position for Adeline Trading mBhd. Show your calculation of Retained Earnings clearly

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