INSTRUCTION: ANSWER ALL QUESTIONS. QUESTION 1 (30 MARKS) Home Perfect Company LTD was incorporated 5 years ago. This company sells home and office furniture and decoration products, catering the demand of Klang Valley residents. The trial balance of the company as at 31 December 2018 is as follows: Home Perfect Company LTD Trail Balance as at 31 December 2018 Account Cash in hand Debit (RM) Credit (RM) 24,400 Cash in bank 32,000 Inventory (1 January 2016) 28,000 Debtors 39,000 Prepaid insurance 18,600 Land 220,000 Building 90,000 Accumulated depreciation- Buikling 4,000 Equipment 110,000 Creditors Accumulated depreciation-equipment Unearned revenue 26,200 74,600 3,700 Accrued mortgage 50,000 Ordinary shares 300,000 Retained earning 59,700 Dividends 17,500 Sales 594,600 Purchases 335,600 Salary expenses 80,400 Repair expenses 15,500 Advertising expenses 50,400 Utility expenses 15,900 Property tax 30,000 Interest expenses 5,500