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The trial balance of HT Pte Ltd (HT) as at 31 December 20X1 is as follows:

Trial Balance

	Debit	Credit
Account Title	S$	S$
Cash	82,700
Accounts receivable	53,200
Inventory	34,250
Purchase	54,000
Prepaid maintenance	2,400
Building	1,200,000
PPE	300,000
Accumulated depreciation - PPE		90,000
Short term notes payable		20,000
Interest payable		600
Unearned revenue		20,800
Share capital		1,000,000
Retained earnings		231,000
Revenue		563,800
Salaries expense	110,000
Supplies expense	5,700
Depreciation expense	30,000
Transport expense	44,000
Utilities expense	4,030
Telephone expense	5,320
Interest expense	600
	1,926,200	1,926,200

Other information at 31 December 20X1 included the following:

(i) In December 20X1, HT performed a service for a customer amounting to $5,690, but the transaction was not yet recorded.

(ii) The prepaid maintenance of $2,400 was paid in cash on 1 July 20X1 to cover the maintenance of the office for 12 months with effect from 1 July 20X1.

(iii) A customer walked into the store during December 20X1 and paid cash of $4,000 for a job to be performed in the next month. The account clerk recorded the transaction as Debit Cash and Credit Revenue.

(iv) During December 20X1, the company came to know that one of its customers was bankrupt and the amount of $2,000 owed to the company would not be collected. This fact has not been accounted for. The company adopted the direct write-off method.

(v) The account clerk had yet to accrue for current income tax liability amounting to $7,600.

(vi) HT adopted a periodic inventory system. A stock count was done and the inventory at year end was $33,000.

Required:

(a) For each of the points (i) to (vi) above, apply the accrual accounting concepts by passing the necessary adjusting or additional journal entries (journal narrative not required) for the year ended 31 December 20X1.

(b) Prepare the Statement of Financial Position for HT Pte Ltd as at 31 December 20X1, incorporating all the necessary adjustments as given in the additional information.

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