Question: please answer question 1(b) QUESTION.1 In 20x1, Ameer Bhd took a bank loan of RM5m to finance construction of a building. It incurred a yearly

please answer question 1(b)

QUESTION.1 In 20x1, Ameer Bhd took a bank loan of RM5m to finance construction of a building. It incurred a yearly interest of RM175,000, that was written off against the profits. As at 1 January 20X3, Ameer decided to capitalize the interest costs. On that date, the retained earnings of Ameer was RM15m. (b) Prepare relevant journal entries to account for the change in 20x3

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