The following shows the unadjusted Trial Balance of Services as at 31 August 2020 is as follows:

Services Unadjusted Trial Balance as at 31 August 2020
	Debit	Credit
	RM	RM
Cash at Bank	70,400
Account Receivable	100,600
Provision for Doubtful Debts		4,000
Premises	220,000
Furniture	40,000
Accumulated Depreciation - Depreciation		8,000
Accounts Payable		80,000
Unearned Revenue		24,000
Loan @ 6% interest		100,000
Capital, Services		200,000
Drawings	3,000
Revenue		103,000
Prepaid Insurance	36,000
Utility expense	21,000
Salary Expense	25,000
Interest Expense	3,000
	519,000	519,000

The following adjustments have not been considered for the year ended 31 August 2020:

Provision for doubtful debts is to be estimated at 4% of total Debtors.

Accrued Salaries Expenses, RM5,000.

Insurance paid in advance for the month has expired. RM36,000 insurance was paid in advance for a twelve (12) months period starting 1st January 2020.

Furniture was purchased on 1 January 2019. Depreciation on the Machinery is required to be recorded using the straight-line method. Assume a useful life of five years with a zero-salvage value.

RM12,000 unearned revenue has been earned during the period.

Interest Expense for the month of July and August has not been recorded yet.

Required:

1) Prepare the adjusting entries for the above adjustments. (Show workings)

2) Prepare Services Statement of Comprehensive Income (Income Statement) for the year ended 31 August 2020.

3) Prepare Services Statement of Financial Position as at 31 August 2020