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SR HomeDecor Enterprise was established in the year 2 0 1 9 and provide interior consultation services in Jitra, Kedah. The business is preparing its

SR HomeDecor Enterprise was established in the year 2019 and provide interior consultation services in Jitra, Kedah. The business is preparing its financial report for the year ended 31 July 2023. The accounts balances as at 31 July 2023 before adjusting entries are as follow:Accounts RMCash550,000Accounts receivable165,000Office supplies12,000Prepaid insurance 28,000Prepaid utilities10,000Building1,700,000Equipment250,000Withdrawals1,500Utilities expense6,500Other administrative expenses230,000Salaries expense500,000Marketing expenses16,000Office supplies expense6,000Accumulated depreciation building170,000Accumulated depreciation equipment100,000Accounts payable420,000Unearned revenue65,000Capital1,300,000Service Revenues1,420,000 Additional information:1. Unexpired insurance as at 31 July 2023 is RM14,000.2. The adjusted balance of unearned revenue as at 31 July 2023 is RM25,000.3.The company applies straight-line depreciation method for both building and equipment. The estimated useful life for building and equipment are 20 years and 5 years respectively.4.Salaries expense for the month of July 2023 is RM35,000 but not yet paid and not recorded.5. Utilities expense incurred but not recorded for the month of July 2023 is RM1,000.6.Service revenues earned but not yet billed for the year ended 31 July 2023 are RM80,000. REQUIRED: (a)Prepare the relevant adjusting entries for the year ended 31 July 2023.(b)Prepare an adjusted trial balance as at 31 July 2023.(c)Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 July 2023.(d)Prepare the Statement of Financial Position as at 31 July 2023.

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