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The following are balances extracted from the book of Rex Sdn Bhd

on 31 December 2019 Particulars RM capital 20000 inventories 35000 Sale 50000 operating expenses 5500 Cost of Goods sold 40000 cash 7204 account receivable 33430 Interest 110 motor vehicle 12000 Tax 1756 Short term debt 4000 plant and equipment 30000 Account Payable 31000 long term debt 8000 common shares 52000 You are required to prepare the financial statements for Rex Sdn Bhd for the year ending 31 December 2019

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Subject: Business

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