QUESTION 3 Event Space Company had the following accounts from the Trial Balance (before adjustment) as at 31 December 2020: RM RM Cash 50,000 Ordinary Share Capital 50,000 Accounts Receivable 34,200 Dividend 20,000 Office Supplies 13,000 Rent Revenue 63,200 Prepaid Insurance 6,000 Commission Revenue 25,300 Fixtures & Fittings 90,000 Insurance Expense 6,000 Accumulated Depreciation - F&F 12,000 Utilities Expense 2,100 Accounts Payable 22,500 Advertising Expense 8,500 Unearned Rent Revenue 46,000 Salaries Expense 17,400 Bonds Payable 34,200 Depreciation Expense 6,000 Additional info: 1. Administrative work has used up RM4,500 of office supplies. 2. The balance in the prepaid insurance before adjustment represent 6 months of insurance paid as at 1 December 2020. 3. Fixtures & Fittings depreciates its value by 10% per annum. 4. Earned rent from tenant for the money paid in advance last month amounted RM25,200. 5. Services provided but not recorded amounted RM6,200. Instructions: (a) Prepare the adjusting entries for Event Space Company for the month of December 2020. Show necessary workings. (12 marks) (b) Prepare the Adjusted Trial Balance for Event Space Company as at 31 December 2020. Show necessary workings. (30 Marks) (c) Prepare the Statement of Profit or Loss for Event Space Company the year ended 31 December 2020. (11 marks) (d) Prepare the Statement of Financial Position as at 31 December 2020. Show necessary workings. (18 marks)