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The following shows the Trial Balance of New Day Services: NEW DAY SERVICES Trial Balance as at 31 December 2020 Unadjusted Trial Accounts Supplies Expense
The following shows the Trial Balance of New Day Services: NEW DAY SERVICES Trial Balance as at 31 December 2020 Unadjusted Trial Accounts Supplies Expense Insurance Expense Accumulated Depreciation - Balance Adjustment Adjusted Trial Balance Debit Credit Debit Credit Debit Credit RM RM RM RM RM RM 300 300 Machine 5,000 Eddy, Withdrawals 2,220 Maintenance Payable Prepaid Insurance 1,800 Office Supplies 700 Salaries Payable Service Revenue Accounts Payable 18.500 2,200 440 440 1,000 6,000 2,220 400 400 440 1,360 300 400 550 440 550 18,940 2,200 Maintenance Expense 400 Machine Accounts 60,500 400 60,500 Receivable 63.920 63.920 Eddy, Capital 200,000 200,000 Unearned Revenue 2,100 440 1,660 Salaries Expense 3,100 550 3,650 Rent Expense 1,000 1,000 Depreciation Expense - Machine 1,000 1,000 Prepaid Rent 6,000 1,000 5,000 Cash 89,560 89,560 Total 227.800 227,800 4.130 4.130 229.750 229.750 Requirements: a) Prepare the Adjusted Statement of Profit and Loss for the month ended 31 December 2020; (10 marks) b) Prepare the Statement of Owner's Equity or the month ended 31 December 2020; and (5 marks) c) Prepare the Adjusted Statement of Financial Position as at 31 December 2020. (20 marks)
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