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Question 4 Below is the accounting details of Kias Berhad as at 31 December 2019. Issued and called up share capital: Ordinary shares RMI each Authorised share capital: ordinary shares at RMI each Loan notes (6%) Buildings at cost Motor vehicles at cost Fixtures at cost Profit for the year Inventory Accounts receivables Accounts payables General reserve Accumulated depreciations: Buildings Motor vehicles Fixtures Bank (RM) 400,000 800,000 106,800 450,000 180,000 20,200 45,000 10,000 20.000 42,000 27,200 24,400 30,000 8,200 33,800 Additional information: Retained profit as at 31 December 2018 General reserve as at 1st Jan 2019 Preference dividend paid during 2019 Ordinary dividend paid during 2019 Write off as bad debts at the end of 31 December 2019 Allowances for bad debts for year 2019 RM 54,000 RM 30,000 RM 8,000 RM 20,000 RM 400 RM 1,200 Continued... RT 4/5 PEA0064 ESSENTIALS OF FINANCIAL ACCOUNTING 15 OCTOBER 2020 Required a) Prepare the statement of changes in equity for the year ended 31 December 2019. (4 marks) b) Prepare the statement of financial position as at 31 December 2019. (21 marks) Question 4 Below is the accounting details of Kias Berhad as at 31 December 2019. Issued and called up share capital: Ordinary shares RMI each Authorised share capital: ordinary shares at RMI each Loan notes (6%) Buildings at cost Motor vehicles at cost Fixtures at cost Profit for the year Inventory Accounts receivables Accounts payables General reserve Accumulated depreciations: Buildings Motor vehicles Fixtures Bank (RM) 400,000 800,000 106,800 450,000 180,000 20,200 45,000 10,000 20.000 42,000 27,200 24,400 30,000 8,200 33,800 Additional information: Retained profit as at 31 December 2018 General reserve as at 1st Jan 2019 Preference dividend paid during 2019 Ordinary dividend paid during 2019 Write off as bad debts at the end of 31 December 2019 Allowances for bad debts for year 2019 RM 54,000 RM 30,000 RM 8,000 RM 20,000 RM 400 RM 1,200 Continued... RT 4/5 PEA0064 ESSENTIALS OF FINANCIAL ACCOUNTING 15 OCTOBER 2020 Required a) Prepare the statement of changes in equity for the year ended 31 December 2019. (4 marks) b) Prepare the statement of financial position as at 31 December 2019. (21 marks)