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Below is the information extracted from the book of ABC Sdn Bhd. Prepare the trial...

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Accounting

Below is the information extracted from the book of ABC Sdn Bhd. Prepare the trial balance as at 31 December 2019. (15 marks.)

Accounts

Amount (RM)

Land

500,000

Building

200,000

Motor vehicles

120,000

Plant and machinery

70,000

Retained profit as at 01.01.2019

312,150

8% debenture

150,000

Ordinary share

200,000

Accumulated depreciation as at 31.12.2019:

Building

60,000

Motor vehicles

69,250

Plant & machinery

40,000

Sales returns

3,600

Purchase returns

4,100

Sales

700,000

Purchases

400,000

Sales discounts

5,000

Purchase discounts

3,500

Opening inventory

52,000

7% Preference shares

50,000

Provision for bad debts

2,000

Trade receivables

26,700

Trade payable

43,200

Administrative expenses

18,000

Staff training cost

4,000

Bad debts

12,500

Motor expenses

27,000

Rental

90,000

Bank overdraft

15,400

Wages and salaries

115,000

Debenture interest

6,000

Suspense account

200

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