QUESTION 2 The following selected accounts with their current balances as at 31 March 2021...
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Accounting
QUESTION 2 The following selected accounts with their current balances as at 31 March 2021 were extracted from Affiqque Corporation Sdn Bhd. RM
| Sales | 237,800 |
| Rent revenue | 40,000 |
| Cost of merchandise sold | 106,250 |
| Cash | 128,970 |
| Accounts receivable | 58,420 |
| Merchandise inventory | 42,890 |
| Office supplies | 18,500 |
| Store equipment | 140,000 |
| Accumulated depreciation store equipment | 37,910 |
| Accounts payable | 85,970 |
| Unearned rent | 32,000 |
| Notes payable (due in 2 years) | 79,780 |
| Afiq, capital 1 March 2021 | 78,120 |
Additional information: 1. Selling expenses for the month of March 2021 was RM58,280. 2. Administrative expenses for the month of March 2021 was RM38,270. REQUIRED:
| (a) | Prepare a single step Statement of Profit or Loss and Other Comprehensive Income for the month of March 2021. |
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