Below are unadjusted accounts balances for Warisan Trading as at 31 December 2022:

The following items were found omitted at the end of the accounting period:

1. Office supplies on hand at 31 December 2022 amounted to RM7,050.
2. Prepaid insurance represented premiums paid on 1 April 2022 for a period of one year.
3. Depreciation of office equipment based on the straight-line method. The office equipment has 8 year estimated useful life with no salvage value.
4. Salaries expense for the month of December is RM4,500 and only be paid early 2023.
5. Unearned revenue on 31 December 2022 is RM63,750.

Required:

1. Prepare the adjusting entries on 31 December 2022.
2. Prepare the income statement, statement of equity and balance sheet for Warisan Trading.

\begin{tabular}{l|r|} \hline Accounts & RM \\ \hline Cash & 62,400 \\ \hline Account receivables & 196,350 \\ \hline Office supplies & 16,200 \\ \hline Prepaid utilities & 32,580 \\ \hline Prepaid insurance & 25,200 \\ \hline Office equipment & 44,040 \\ \hline Accumulated depreciation - office equipment & 13,200 \\ \hline Unearned revenue & 89,550 \\ \hline Capital & 233,400 \\ \hline Service revenue & 122,040 \\ \hline Salaries expense & 54,000 \\ \hline Miscellaneous expense & 27,420 \\ \hline \end{tabular}