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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 and provide interior consultation services in Jitra, Kedah. The business is preparing its financial report for the year ended July The accounts balances as at July before adjusting entries are as follow:Accounts RMCashAccounts receivableOffice suppliesPrepaid insurance Prepaid utilitiesBuildingEquipmentWithdrawalsUtilities expenseOther administrative expensesSalaries expenseMarketing expensesOffice supplies expenseAccumulated depreciation buildingAccumulated depreciation equipmentAccounts payableUnearned revenueCapitalService Revenues Additional information: Unexpired insurance as at July is RM The adjusted balance of unearned revenue as at July is RMThe company applies straightline depreciation method for both building and equipment. The estimated useful life for building and equipment are years and years respectivelySalaries expense for the month of July is RM but not yet paid and not recorded Utilities expense incurred but not recorded for the month of July is RMService revenues earned but not yet billed for the year ended July are RM REQUIRED: aPrepare the relevant adjusting entries for the year ended July bPrepare an adjusted trial balance as at July cPrepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended July dPrepare the Statement of Financial Position as at July
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