Question 1 The following shows the unadjusted Trial Balance of Services Sdn Bhd as at 31 March 2021 is as follows: Services Sdn Bhd Unadjusted Trial Balance as at 31 March 2021 Debit Credit RM RM Cash at Bank 75.000 Debtors 187,500 Machinery 800.000 Furniture 40.000 Office Equipment 50,000 Creditors 125.000 Loan @ 3.5% Interest 500,000 500,000 Capital, Services Sdn Bhd Withdrawals 25,000 Service Revenue 440,000 Prepaid Rent 240,000 Electricity expense 39.000 96,000 Salary Expense Interest Expense 12,500 1.565,000 1,565,000 The following adjustments have not been considered for the year ended 31 March 2021: Provision for doubtful debts is to be estimated at 3.5% of Debtors. Accrued Service Revenue, RM60,000 Rent paid in advance for the month of March 2021 have expired. RM240,000 rent was paid in advance for twelve (12) months period. Depreciation on the Machinery is required to be recorded using the reducing balance method. Assume a useful life of four years. Depreciation on the Office Equipment and Furniture is required to be recorded using the straight- line method. Assume a useful life of six years for both assets, and salvage value of RM4000 and RM2000, respectively. RM2,500 uneared revenue was mistakenly recorded as service revenue during the period. Interest Expense for the month of March 2021 has not been recorded yet. Required: 1) Prepare the adjusting entries for the above adjustments. (Show workings) 2) Prepare Services Sdn Bhd Statement of Comprehensive Income (Income Statement) for the month ended 31 March 2021. 3) Prepare Services Statement of Financial Position as at 31 March 2021