Amanah Berhad is a furniture manufacturer which is based in Pasir Gudang. The following trial balance was taken from the books of Amanah Berhad on 31 December 2020.

Amanah Berhad Trial Balance as at 31 December 2020
Account	Debit (RM)	Credit (RM)
Cash	12,000
Inventory (1 January 2020)	44,000
Accounts receivables	40,000
Note receivables	7,000
Allowances for Doubtful Debt Account		1,800
Prepaid insurance	4,800
Equipment	105,000
Accumulated depreciation Equipment		15,000
Account payable		10,800
Share capital - Ordinary		44,000
Retained earnings		60,360
Sales revenue		260,000
Cost of goods sold	111,000
Salaries and wages expense	50,000
Advertising expense	5,360
Rent expense	12,800	_____ _
Total	391,960	391,960

Additional information:

(i) Insurance expired during the year, RM2,000.

(ii) Estimated bad debts, 5% of the accounts receivable.

(iii) Depreciation on equipment, 10% per year.

(iv) Interest at 5% is receivable on the note for one full year.

(v) Rent paid in advance, RM5,400 (originally charged to expense).

(vi) Accrued salaries and wages at December 31, RM5,800.

(vii) Advertising paid in advance, RM560 (originally charged to expense).

Required;

(a) Prepare adjusting journal entries for the above items.

(14 marks)

(b) Prepare Income Statement of Amanah Berhad for the year ended 31 December 2020.

(13 marks)

(c) Prepare Statement of Financial Position of Amanah Berhad as at 31 December 2020.

(13 marks)