The following unadjusted trial balance is available for Mike Services Company on 31 July 2022. (b)...

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The following unadjusted trial balance is available for Mike Services Company on 31 July 2022. (b) Cash Supplies Account Receivable Prepaid Insurance Equipment ● Mike Services Company Trial Balance As at 31 July 2022 Notes Payable Account Payable Unearned Service Revenue Mike's Capital Mike's Drawing Service Revenue ● Utilities Expense Salaries Expense Advertising Expense Debit (RM) RM60,500 9,000 26,000 8,000 90,000 3,000 5,000 7,500 1,000 RM210,000 Credit (RM) RM40,000 14,000 7,000 109,000 The following information is available to assist in the preparation of adjusting entries: a. A count of supplies on 31 July 2022 indicates that supplies of RM4,000 are still on hand. b. Mike performed services for a customer in July 2022. The customer will be billed RM5,000. c. Prepaid insurance expired in July 2022 amounted RM1,000 still not recorded. d. Monthly depreciation on the equipment is RM2,000. e. Salaries of RM3,600 were unpaid. 40,000 f. 50% of the unearned service revenue has been earned in July 2022. g. The note payable, RM40,000 is dated on 1 July 2021. It is a one-year, 12% note. Required (a) RM210,000 Prepare the adjusting entries of Mike Service Company at 31 July 2022. (14 Marks) Prepare the T-account for the following account: Prepaid Insurance Unearned Service Revenue Supplies ● Salaries Expense (10 Marks) The following unadjusted trial balance is available for Mike Services Company on 31 July 2022. (b) Cash Supplies Account Receivable Prepaid Insurance Equipment ● Mike Services Company Trial Balance As at 31 July 2022 Notes Payable Account Payable Unearned Service Revenue Mike's Capital Mike's Drawing Service Revenue ● Utilities Expense Salaries Expense Advertising Expense Debit (RM) RM60,500 9,000 26,000 8,000 90,000 3,000 5,000 7,500 1,000 RM210,000 Credit (RM) RM40,000 14,000 7,000 109,000 The following information is available to assist in the preparation of adjusting entries: a. A count of supplies on 31 July 2022 indicates that supplies of RM4,000 are still on hand. b. Mike performed services for a customer in July 2022. The customer will be billed RM5,000. c. Prepaid insurance expired in July 2022 amounted RM1,000 still not recorded. d. Monthly depreciation on the equipment is RM2,000. e. Salaries of RM3,600 were unpaid. 40,000 f. 50% of the unearned service revenue has been earned in July 2022. g. The note payable, RM40,000 is dated on 1 July 2021. It is a one-year, 12% note. Required (a) RM210,000 Prepare the adjusting entries of Mike Service Company at 31 July 2022. (14 Marks) Prepare the T-account for the following account: Prepaid Insurance Unearned Service Revenue Supplies ● Salaries Expense (10 Marks)