Question 2 The unadjusted trial balance of Kings, Inc. at August 31, 20x6 was as follows: Adjustment data at August 31, 20x6 include the following: a. Accrued service revenue at August 31,$2,000. b. Prepaid rent of $2,400 was for the period from 1 August to 31 October 20x6. Adjust prepaid rent expired for the month of August. c. Supplies used during August, $1,820. d. Depreciation on furniture for the month. The furniture's expected useful life is five years. e. Accrued salary expense at August 31,$3,120. Requirements 1. Prepare the adjusting entries for items (a) to (e). 2. Prepared an Income statement for the month ended 31 August 20x6. 3. Prepared a Statement of changes in equity for the month ended 31 August 20x6. 4. Prepared a Statement of financial position as at 31 August 206