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The following balance is extracted from the books of Geforce Enterprise as at 30 June 2021. Credit RM 500,000 3,200 2,500 10,500 245,000 Geforce Enterprise Tdal Balance as at 30 June 2021 Debit RM Capital Investment 336,800 Furniture and fittings at cost 32,500 Office equipments at cost 42,500 Motor vehicle at cost 70,200 Accumulated depreciation at 1 July 2020: - Furniture and fittings - Office equipment - Motor vehicle Purchases and sales 51,400 Inventory at 1 April 2015 43,500 Returns inward and outward 3,500 Interest 3,300 Utility expenses 4,800 Maintenance expenses 1,100 Advertising expenses 1,240 Salaries and wages 34,500 Postage and stationery 2,700 5% Loan from CBB Bank Allowance for doubtful debts on 1 July 2020 Rental 8,490 Carriage inward 7,000 Trade receivables and payables 31,670 Cash at bank 134,000 Commission expense 1,000 Cash in hand 24,000 General expenses 2,100 Drawing 2.500 838,800 4,500 4,500 55,000 200 1,300 12, 100 838,800 Additional information: (1) Inventory as at 30 June 2021 was valued at RM18,000. () One of the tenants has not paid rental amounted to RM500. GO 26C Mc acer Question (ii) The owner withdrew money from the business bank account of RM1,200 and took goods worth RM400 for his personal use. (iv) One of the accounts receivable is having a financial problems and unable to pay his debts amounted to RM250. This amount should be written off. Allowance for doubtful debt is to be increased to RM2,200. (v) The following amounts are still accrued and prepaid at the end of the accounting period: Rental expenses Utility expenses Amount accrued (RM) 150 140 Amount prepaid (RM) Commission expenses Interest expenses 250 200 (vi) 10% of carriage inward is a carriage outward. (vii) Depreciations are to be provided as follows: Motor vehicles Furniture and fittings Office equipment 15% on cost, yearly basis 10% on cost, yearly basis 10% net book value, yearly basis Required to prepare : 1. Statement of Profit or Loss for the year ended 30 June 2021. (30 marks) 2. Statement of Financial Position as at 30 June 2021. (20 marks)

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