Question: Can you provide me answer for additional information only? I have been stuck there on how to know what is the account and what is

 Can you provide me answer for additional information only? I have

Can you provide me answer for additional information only? I have been stuck there on how to know what is the account and what is the final figure.

2. The following balances have been extracted from the books of Alpha Berhad as at 31 December 9016 Additional information: 1. Closing inventories as at 31 December 2016 was valued at RM120,000. 2. Interest on loan has been accrued for the year ended. The loan was taken on 1 March 2016. 3. Depreciation was to be provided: Furniture and Fixtures RM2,500 per month. Motor Vehicles 10% on reducing balance method. 4. Fixed deposit was invested on 1 July 2016 . Interest on fixed deposit was still accrued for 2016. 5. Utilities outstanding amounted to RM1,300 and insurance prepaid was RM500. 6. The company collected a receivable from customer, RM15,200, however the bookkeeper recorded it at RM12,500. This transaction has not been adjusted in the books of Alpha Berhad. Required: a) Prepare the income statement for the year ended 31 December 2016. b) Prepare the retained earnings statement for the year ended 31 December 2016. c) Prepare the balance sheet as at 31 December 2016

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