Footie Leg Consultants provides soccer clinic to aspiring soccer… Footie Leg Consultants provides soccer clinic to aspiring soccer players in Klang Valley. Footie Leg Consultants has a financial year ending 28 February 2019. The trial balance of Footie Leg Consultants as at 28 February 2019 is shown below: Footie Leg Consultants Unadjusted Trial Balance as at 28 February 2019 Debit (RM)Credit (RM)Accounts Receivable90,000 Stationery Expense3000+5,000 Bad Debts4300 Maintenance of machineries4,500 Discounts Allowed7,200 General expenses6,000 Stock of stationeries8,000-5,000 Cash in hand10,000 Interest on Loan9,000 Loan given to staffs18,000 Telecommunication Expense25,000- 1,000 PREPAID TELECOMMUNICATION1,000 Withdrawals27,000 Fittings35,000 Rental Expense39,000 PREPAID DISTRIBUTION5,000 Distribution Expenses50,000-5,000 Salaries64,000 + 4,000 Bank130,000 Fixed deposits150,000 Building180,000 Machineries540,000 Land900,000 RENTAL RECEIVABLE5,000 SALARIES PAYABLE 4,000Accounts Payable 56,000Loan Received from Maybank 350,000Consultation Fees 615,000Interest on fixed deposits 43,000Rental Received 20,000 + 5,000Discounts Received 16,000Capital 1,200,000TOTAL2,300,0002,300,000 Additional Information:10% of the distribution expense had been prepaid.Salaries for the month of February 2019 is still outstanding by RM4,000.The telecommunication expense account includes the payment for March 2019 of RM1,000.Rental of RM5,000 is yet to be received.Inventory of Stationeries as at 28 February 2019 showed a balance of RM3,000 only. You are required to prepare:Profit & Loss Statement for the year ended 28 February 2019Statement of change in equity for the year ended 28 February 2019Balance Sheet as at 28 February 2019 Accounting Business Financial Accounting ACCOUNTING AACT2113
