QUESTION 1 Presented below is the trial balance for Global Globe Bhd as at 31 December 2018: Accounts Debit (RM) | Credit (RM) Bank 110,000- 61,800- 12,000 Trade receivables 138,000 Supplies 15,000- 8.000 Prepaid insurance 30,600 Investment (non-current assets 161,500 Intangible assets 40,000 Inventory 45,200 Land 125,000 Building 155,000 Machine & equipment 20,000 Motor vehicle 55,000 Accumulated depreciation: Building 52,000+7,750 - Machine & equipment 8,000+1,000 - Motor vehicle 21,000+5,500 Ordinary share capital 250,000 Reserves 20,000 Retained earnings 165,000 Rent revenue 57,500 Sales 540,000+5,00 0 Gain on revaluation of properties 9.000 Gain on sale of land 10,000 Gain on translation of foreign operations 5,000 Cost of goods sold 224,000 Salary and wages expenses 114,000 Finance cost 20,000 Distribution expenses 20,500 Advertising & marketing expenses 12,500 Other operating expenses 12,000 Income tax expense 14,200 Notes payable 80,000-60,000 Dividend payable 15,000 Trade payables 60,000-12,000 Unearned revenue 20,000-5,000 Depreciation expense - building 7,750 Depreciation expense - machine and 1,000 equipment Depreciation expense - motor vehicle 5.500 Bonus expenses 30,000 Bonus payable 30,000