Question: Please help me .. Please help me . Very urgent Please save pelase Q1. 8,000 Arthur Enterprise is a cleaning service provider located at Subang

Please help me .. Please help me . Very urgent Please save pelase

Please help me .. Please help me . Very urgent Please save

pelase Q1. 8,000 Arthur Enterprise is a cleaning service provider located at

Q1. 8,000 Arthur Enterprise is a cleaning service provider located at Subang Jaya. The company closes its accounts at the end of June every year and the following is the trial balance of the company as at 30 June 2021. Arthur Enterprise Trial Balance as at 30 June 2021 Debit Credit RM RM Buildings 500,000 Motor Vehicles 300,000 Equipment 150,000 Accumulated Depreciation: Buildings 75,000 Motor Vehicles 81,300 Equipment 45,000 Cash at Bank 79,500 Cash in hand Prepaid Insurance 8,000 Accounts Receivable and Accounts Payable 25,100 14,800 Bank Overdraft 3,300 Bank Loan (10% p.a.) 200,000 Provision for Doubtful Debts 450 Capital 530,000 Drawings 4,000 Service Revenue 417,000 Salary Expenses 88,500 Rental 120,000 25,000 Discount 1,200 2,000 Utility Expenses 48,000 Interest Expenses 16,000 Repairs and Maintenance 9,500 Insurance 36,000 Recovery of Bad Debts 3,000 Miscellaneous Expenses 3,050 1,396,850 1,396,850 Additional information: (i) The depreciation for the following fixed assets has yet to be provided: Buildings 5% on cost Motor Vehicles 20% on diminishing balance Equipment 10% on cost (ii) One of the Accounts Receivable has been declared a bankrupt and the balance of RM2,500 becomes uncollectible. (iii) The company paid RM120,000 for the rental of the new office on 1 September 2020. This is a 12-month rental payment and has been fully recorded as rental expenses. (iv) It is the company policy to provide 2% of accounts receivable for the provision for doubtful debts of the year. (v) The remainder of the bank loan interest and the bank overdraft interest which are subjected to 6% p.a. are outstanding. (vi) A total of RM3,000 of prepaid insurance has expired. Required: (a) Prepare the Statement of Comprehensive Income for Arthur Enterprise for the year ended 30 June 2021. (13 marks) Prepare the Statement of Financial Position for Arthur Enterprise as at 30 June 2021. (12 marks) [Total : 25 marks) (b)

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