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2: The following shows the Trial Balance of New Day Services: NEW DAY SERVICES Trial Balance as at 31 December 2020 Unadjusted Trial Accounts Supplies

2: The following shows the Trial Balance of New Day Services: NEW DAY SERVICES Trial Balance as at 31 December 2020 Unadjusted Trial Accounts Supplies Expense Insurance Expense Accumulated Adjusted Trial Balance Adjustment Credit Balance Debit Credit Debit Debit Credit RM RM RM RM RM KM 300 300 440 440 Depreciation- Machine 5.000 1,000 6,000 Eddy, Withdrawals 2,220 2,220 Maintenance Payable 400 400 Prepaid Insurance 1,800 440 1360 Office Supplies 200 300 400 Salaries Payable 550 550 Service Revenue 18,500 440 18.940 Accounts Payable 2,200 2.200 Maintenance Expense 400 400 Machine 60,500 60,500 Accounts Receivable 63.920 63,920 Eddy, Capital 200,000 200,000 Unearned Revenue Salaries Expense 3.100 Rent Expense 1,660 550 3650 1,000 1,000 Depreciation Expense-Machine 1000 1,000 Prepaid Rent Cash 6,000 89.560 1,000 5.000 89.560 Total 227,800 227.800 4.130 4.130 229.750 229.750 2,100 440 Requirements: a) Prepare the Adjusted Statement of Profit and Loss for the month ended 31 December 2020; (10 marks) b) Prepare the Statement of Owner's Equity or the month ended 31 December 2020; and (5 marks) Prepare the Adjusted Statement of Financial Position as at 31 December 2020. (20 marks)

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