( vertical format )

Question 1 Unicountry Berhad is a registered public limited company. It has authorised capital of RM250,000 ordinary shares at RMI each. Following is the trial balance extracted from Unicountry berhad's past data, from the year ending 30th June 2015. Dr. Cr. RM RM Ordinary share capital, fully paid 100,000 Factory plant 115,550 Accounts receivables 23,300 Accounts payables 14,000 Equipment at cost 68,000 Prepayments 1.200 Inventory at 30 June 2015 35,000 Cash at bank 8,000 Trading account: gross profit 120,000 Office expenses 25,000 Accumulated depreciation on equipment 12,000 Share premium account 32,000 Advertising and selling expenses 4,500 Bad debts 780 Allowance for doubtful debts 630 Profit and loss account 18,000 Directors' fees 15,300 296,630 296,630 Notes: 1) Allowance for doubtful debtors is to be adjusted to RM700. Depreciation is to be provided in respect of equipment at 10% per annum on cost. 2) The directors decided to i. transfer RM21,500 from profit and loss to General Reserves; ii. recommend a dividend on share capital at 10% 3) Corporate tax of RM5,800 is charged. REQUIRED: a) Prepare statement of profit or loss and other comprehensive income for the year ended 30th June 2015. b) Prepare Statement of changes in Equity for the year ended 30th June 2015. c) Prepare Statement of Financial position as at 30th June 2015