Question 1 MThS Accounting firm starte operation an 1 July 2007. They provide accounting and auditing services to businesses The following is the unadjusted trial balance of MThS Accounting firm as at 30 June 2017. Additional information; (a) Office supplies used during the year amounted to FM350. (b) Insurance was paid on 1 July 2007 for two years (24 months) coverage. (c) Building is depreciated at 5% of original cont. (d) Motor vehicle is expected to have 5 years of useful life. (e) The accounting fees include retainer fees received for service to be provided in July and August 2008, amounting to FM3,400, (7) Teriant owed RM500 for May and June shop rentals as at 30 June 2008 . (d) interent on ioan of RM300 is due on 30 June 2008 , but this has not been paid (h) Salaries acerued amount ta RM60D and utilities expense accrued is RM200. (i) Provision of doubtful debts for RM300 is to be created. (j) As at 30 June 2008, you are required to: (i) Prepare the adjusting entries. (ii) Prepare the adjusted trial balance. (iii) Prepare - Statement of profit Loss and Camprehensive income and - Financial Position of MThS. (iv) Prepare the closing entries for MThS, and (v) Shaw the income summary account and capital acenunt of MThs