PERKASA BERHAD

ADJUSTING JOURNAL ENTRIES FOR THE YEAR ENDING 30 JUNE 2

NO ACCOUNT DR CR
1 Bank 500,000,000
Ordinary Share Capital 500,000,000

2 Bank 8,750,000
Preference Shares (8%) 8,750,000

3 Income Statement 17,800,000

Retained Profits 17,800,000

4 Closing stock a/c 15,390,000

Trading a/c or Income Statement 15,390,000

5 Investment on Quoted Shares 12,640,000

Bank 12,640,000

6 Retained Earnings 1,000,000

Proposed Dividend Ordinary Shares 1,000,000
(current liability)
7 Retained Earnings 150,000
Proposed Dividend Preference Shares 150,000
(current liability)
8 Investment in Quoted Shares 2,250,000
Revaluation Reserve 2,250,000

9 Revaluation Reserve 1,369,770

Investment in Unquoted Shares 1,369,770

10 Income Tax Expense 13,900,000

Bank 13,900,000

11 Income Statement A/c 4,000

Account Receivable 4,000

12 Income Statement 10,230

Provision for Doubful Debts 10,230

13 Investment in Amore Berhad 2,275,000

Bank 2,275,000

14 Bank 17,000,000
Ordinary Share Caiptal 6,250,000
 Share Premium Reserve 10,750,000

15 Bank 15,750,000
Ordinary Share Capital 5,625,000
Share Premium Reserve 10,125,000

16 Building 125,000,000
Financing Bank 123,500,000
Loan Interest In Suspense 1,500,000

17 Accumulated Depreciation 22,500

Bank 24,750
Loss on Disposal 2,750
Plant & Machinery 50,000

18
Provision for Dpreciation
Building 16,500,000
Machinery 457,050
Motor Vehicle 221,086
Income Statement 17,178,136
 PERKASA BERHAD
NTRIES FOR THE YEAR ENDING 30 JUNE 2022

REMARKS
Being paid up capital introduced by Ordinary Share Capital

Being isuance of Preference Share of 8% per anum

Being tarnsfer of Retained Eraning to Balance Sheets

Carrying in the value of closing stock to trading or income statement

Being investment in Amore Berhad

Being interim dividend Ordinary Shares proposed

Being interim dividend Preference Shares (8%) proposed

Being recording of revaluation of quoted shares

Being recording of revaluation of unquoted shares

Being tax payment for the year

Being Recording of Bad Debts for the year-Not recorded before

Being additional provision of Doubful Debt for the year

Increase investment in Amore to make owership to 85%

Being Issuance of Right Issue at 1:8

Being isuuance of Bounus Isssue at 1:10

Being purchase of Building with financing

Being Loss on disposal of machinery

Being depreciation on PPE for the year

 PERKASA BHD
EXTRACTED BALANCE SHEET AS AT 30 JUNE 2022

PPE
COST ADEPN b/f ADD ADEPN c/f
Trade marks 5,136,900
Patents 4,600,000
Land 22,000,000
Buidings 40,000,000 24,000,000
Machinery 3,097,000 2,322,750
Motor Vehicles 1,800,000 694,570

Investment Revaluation Amore

Quoted 12,640,000 2,250,000 2,275,000.00
Unquoted 3,950,000 (1,369,770)

Account Receivable 2,070,000

Less Bad Debt 4,000
2,066,000
Provison 61,980

Account Payable

EQUITY
Unit Unit Price MYR
Paid Up Capital 40,000,000 1.25 50,000,000
Right Issue (1:8) 5,000,000 3.4 17,000,000
Bonus Issue 4,500,000 3.5 15,750,000
Preference Share(8%) 3,500,000 2.5 8,750,000
 s1 Acquisition
30 JUNE 2022 myr
12,600,000
17,500,000
NBV MYR MYR 0.72

14,875,000.00
2,275,000.00
40,000,000
3,097,000 h7 Building
1,800,000 interest
Period
rate
17,165,000 Principal
2,580,230

h8 Disposal of Machinery
BV
Total Depreciated
NBV
Seling Price

2,004,020 h9 Depreciation
Land
155,300 22,000,000
Addtn

Rates
AccDb/f
Disposal

Deprecition

h10 Amortisation
unit

5,000,000
3.5
14,875,000.00

Additional

1,500,000
20 Yrs
6%
125,000,000

50,000.0
22,500 - 2,750.0 Loss
27,500
24,750

Building Machinery MV
40,000,000 3,097,000 1,800,000
125,000,000 - 50,000.0 -
165,000,000 3,047,000 1,800,000
10% 15% 20%
24,000,000 2,322,750 694,570
- 22,500 -
24,000,000 2,345,250 694,570
16,500,000 457,050 221,086