question 4 as follows. attached in the word document. thanks in advance.

The unadjusted trial balance of PQ Engineering Pte Ltd for year ending 31 December 20X6 is given below: Other information at 31 December 20X6 included the following: Additional information: (i) The equipment costing $180,000 has useful life of 10 years and its estimated salvage value is $20,000. Depreciation charge is to be provided using the straight line depreciation method. (ii) On 23 February 20X6, the company signed a $42,000 service contract with a customer where the customer paid $42,000 cash upfront to the company. The company will provide monthly maintenance services for 12 months beginning on 1 March 20X6. (iii) The company took a 5-year bank loan of $50,000 on 1 July 20X6. The loan carries an annual interest of 4% to be paid yearly, and the first interest payment will be made on 30 June 20X7. (iv) The $24,000 prepaid rental was for a 1-year rental for the office effective 1 November 20X6. (v) On 27 December 20X6, the company made a $13,000 payment to its supplier for purchases previously made on credit but the clerk forgot to record this. (vi) PQ Engineering Pte Ltd uses the periodic inventory system. A stock count was made and the inventory at 31 December 20X6 year end was $23,200. Required: (a) For each of the points (i) to (vi) above, apply the accrual accounting concepts by passing the necessary adjusting entries, no narrative required, for the year ending 31 December 20X6. (b) Prepare the statement of financial position for PQ Engineering Pte Ltd as at 31 December 20X6, incorporating all the necessary adjustments as given in the additional information