TOPIC 5: ADJUSTMENT AT THE END OF ACCOUNTING PERIOD The following information from Jamil Enterprise account balances for the financial year ending 31st December 2022. Accounts RM Capital 1 January 2022 100,000 Vehicles 70,000 Accumulated Depreciation - Vehicles 14,000 Office Equipments 25,000 Accumulated Depreciation Office Equipments 5,000 Inventory 1st January 2022 24,800 Cash 2,900 Purchases 145,000 Sales 220,000 Bad Debts Expense Accounts Receivable Accounts Payable Purchase Discount 800 42,800 13,500 1,250 Sales Discount 950 Salaries Expense 25,800 Sales Returns And Allowances 2,500 Miscellaneous Expense 6,600 Purchase Returns And Allowances 1,300 Rental Expense 8,200 Commission Revenue 3,300 Drawings 3,000 Additional information: (1) (2) Inventories as at 31 December 2022 RM18,000. Commission RM700 received for January 2023. (3) Shop rental RM800 for January 2023 was paid in December 2022. (4) The owner takes a cash RM1,300 from business for personal use. The transaction has not been recorded. (5) Accounts Receivable RM750 is written off as bad debts because the debtor has been reported as bankrupt. (6) Miscellaneous expenses RM850 has not been paid. (7) Depreciation of vehicles and office equipment for the year amounted to RM7,000 and RM3,750 respectively. INSTRUCTIONS: a. Journalize all the entries in general journal. b. Prepare the adjusted trial balance after adjustments have been made. C. Prepare the Statement of Profit or Loss for the year ended 31st December 2022. d. Prepare the Statement of Financial Position on 31st December 2022