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NWHg unadjusted At the end of first month operations trial balance First Sigr Na tna/As and of tins month operations, Best Tele- Marketing Service has

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NWHg unadjusted At the end of first month operations trial balance First Sigr Na tna/As and of tins month operations, Best Tele- Marketing Service has the lUlg un Unadjusted Trial Balance as at 31st August 2018 Debit (RM 9,400 18,300 Best Tele-Marketing Service Credit (RM Account Name Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accounts Payable Service Revenue 2,400 2,300 40,000 42,400 5,100 25,000 5,000 apital Unearned Revenue Drawings Salaries Expense Utilities Expense Advertising Expense Rent Expense 1,000 800 400 77,500 77,500 Additional information: i. Insurance expires at the rate of RM200 per month. ii. RM1,000 of supplies are on hand at 31st August 2018 ii Monthly depreciation on the equipment is RM900 RMI,500 from the unearned revenue has been earned Required: a) Journalize the adjusting entries at 31st August 2018. b) Prepare an adjusted trial balance as at 31st August 2018. (Use Appendix ) [CLO3:PLO3:C115 marks) CLO3 PLO3:C3](12 marks) c) Prepare the following: i) Statement of Profit or Loss for the month ended 31st August 2018 CLO3:PLO3:C31 5 marks) ii) Statement of Owner's Equity for the month ended 31st August 2018 [CLO3:PLO3:C31(2 marks) iii) Statement of Financial Position as at 31st August 2018 [CLO3:PLO3:C3)(6 marks)

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