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QUESTION 2 At the end of first month operations, Maju Marketing Service has the following...

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Accounting

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QUESTION 2 At the end of first month operations, Maju Marketing Service has the following unadjusted trial balance Maju Marketing Service Unadjusted Trial Balance as at 31st August 2018 Credit (RM) Debit (RM) 9,400 Account Name Cash 18,300 2,400 2,300 40,000 Accounts Receivable Prepaid Insurance Supplies Equipment Accounts Payable Service Revenue 42,400 5,100 25,000 5,000 Capital Unearned Revenue 1,000 1,400 800 Drawings Salaries Expense Utilities Expense Advertising Expense Rent Expense 400 1,500 77,500 77,500 Additional information: i. RM1,000 of supplies are on hand at 31st August 2018. on the equipment is RM900. ii. Monthly depreciation iii. RM1,500 from the unearned revenue has been earned Required: a) Journalize the adjusting entries at 31 August 2018. b) Prepare an adjusted trial balance as at 31st August 2018. (Use Appendix 1) c) Prepare the following: Statement of Profit or Loss for the month ended 31 August 2018 Statement of Owner's Equity for the month ended 31st August 2018 ii) Statement of Financial Position as at 31st August 2018 111 HCCT1002/Revision

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