The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of her most recent financial year The following additional information as at 31 May 2019 is available Inventories as at the close of business were valued at RM25,900 Depreciation for the year ended 31 May 2019 has yet to be provided as follows Property 1 using straight line method Equipment 15 using reducing balance method Wages and salaries are accrued by RM140 Other operating expenses include certain expenses prepaid by RM500 Other expenses included under this heading are accrued by RM200 The provision for doubtful debts is to be adjusted so that it is 0 5 percent of trade receivables as at 31 May 2019 Purchases include goods valued at RM1,040 that were withdrawn by Azwin for her own personal use Required Prepare a Statement of Profit or Loss for the year ended 31 May 2019 Prepare a Statement of Financial Position (Balance Sheet) as at 31 May 2019 The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of her most recent financial year Credit(RM) Debit(RM) 90 000 57,500 12,500 32,500 27,400 259,600 405,000 3,370 4,420 Property, at cost Equipment at cost Accumulated depreciation (as at 1 June 2018) Property Equipment Inventories as at 1 June 2018 Purchases Sales revenue Discount allowed Discount received Wages and salaries Bad debts Loan interest Carriage outwards Other operating expenses Trade receivables Trade payables Provision for doubtful debts Cash Bank overdraft Drawings 13 long term loan Capital 52,360 1,720 1 560 5,310 38,800 46,200 33,600 280 151 14,500 28,930 12,000 98,101 612 901 612 901

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The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of her most

The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of her most recent financial year.

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The following additional information as at 31 May 2019 is available:

Inventories as at the close of business were valued at RM25,900.
Depreciation for the year ended 31 May 2019 has yet to be provided as follows:

Property: 1% using straight line method.

Equipment:15% using reducing balance method.

Wages and salaries are accrued by RM140.
Other operating expenses include certain expenses prepaid by RM500.Other expenses included under this heading are accrued by RM200.
The provision for doubtful debts is to be adjusted so that it is 0.5 percent of trade receivables as at 31 May 2019.
Purchases include goods valued at RM1,040 that were withdrawn by Azwin for her own personal use.

Required:

Prepare a Statement of Profit or Loss for the year ended 31 May 2019.
Prepare a Statement of Financial Position (Balance Sheet) as at 31 May 2019.

The following trial balance has been extracted from the ledger of Azwin, a sole trader as at 31 May 2019, the end of her most recent financial year. Credit(RM) Debit(RM) 90.000 57,500 12,500 32,500 27,400 259,600 405,000 3,370 4,420 Property, at cost Equipment at cost Accumulated depreciation (as at 1 June 2018) Property Equipment Inventories as at 1 June 2018 Purchases Sales revenue Discount allowed Discount received Wages and salaries Bad debts Loan interest Carriage outwards Other operating expenses Trade receivables Trade payables Provision for doubtful debts Cash Bank overdraft Drawings 13% long term loan Capital 52,360 1,720 1.560 5,310 38,800 46,200 33,600 280 151 14,500 28,930 12,000 98,101 612.901 612.901