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The trial balance of London Limited prior to the month end adjustments was as follows: Adjustment data available on 30 November 20x6: (a) The furniture's

image text in transcribed The trial balance of London Limited prior to the month end adjustments was as follows: Adjustment data available on 30 November 20x6: (a) The furniture's expected useful life is five years. No depreciation has been recorded during the year. (b) The $1,200 balance in Unearned service revenue shown above is related to an advance payment from a customer on 1 November 20x6. At 30 November 206,$1,000 service was earned. (c) A physical count reveals $1,000 of supplies on hand at 30 November 20x6. (d) Utilities bill $800 for Nov 20x6 was received and will be paid in Dec 20x6. Requirements 1. Prepare the adjusting entries for items (a) to (d). 2. Prepared an Income statement for the year ended 30 November 206. 3. Prepared a Statement of changes in equity for the year ended 30 November 20x6. 4. Prepared a Statement of financial position as at 30 November 206

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