Sintok BizSolution Sdn. Bhd. was established in 2018 and offers business consulting services. Demand for the...

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Sintok BizSolution Sdn. Bhd. was established in 2018 and offers business consulting services. Demand for the company's services increased as many businesses were affected during the Covid-19 pandemic era. The following is a list of company records of assets and liabilities as at 1 January 2021. Cash Account Account not yet received Office supplies Accounts Payable RM 50,000 35,000 17,000 15,000 Below are the company's transactions during the month of January 2021: January 2021 2 Make a loan with Bank De Rakyat of RM25,000. 3 Pay office rent in cash, RM4,500. 6 Purchased office supplies on credit, RM15,000. 10 Received a cash payment of RM12,000 for customer service. 15 Billing customers for services provided, RM9,500. 28 Paid half of office supplies purchased on January 6, 2021. 31 Pay employee salary, RM18,000. REQUIRED: Based on the above information, state the effect of each transaction On the accounting equation below. Next, determine the final balance for each account involved as at 31 January 2021. ASSETS LIABILITIES + OWNERS 'EQUITY SOALAN 2 Encik Amran is the owner of Berdaya Maju Sdn Bhd, a company that offers self-service laundry services in Jitra, Kedah. The following is a list of transactions that took place during September 2021. September 2021 1 2 2 16 622 20 27 29 30 Encik Amran added capital to his business in the form of RM150,000 in cash and RM120,000 in laundry equipment. Purchased laundry equipment on credit, RM35,000. The company bought a four-wheel drive vehicle worth RM90,000. The company pays a cash deposit of ten percent (10%) of the price of the vehicle. The balance is paid using bank financing for 9 years. Collected laundry revenue of RM15,000. Pay off 60% of the debt of laundry equipment purchased on September 2, 2021. Pay employees' salaries and utility bills in cash, RM8,000 and RM15,000 respectively. Made the first payment of RM1,100 to the bank for the vehicle purchased on 2 September 2021. Mr Amran took RM2,500 cash from the company's account for personal use. Additional information: The cash account balance as at 31 August 2021 is RM25,000 REQUIRED: (a) Prepare journal entries for transactions throughout September 2021 (Description not required). (b) Prepare a Cash Account and determine the final balance for September 2021. Use the format as below. (C+ Account: cash Date Description 3 Debit Credit Balance Sintok BizSolution Sdn. Bhd. was established in 2018 and offers business consulting services. Demand for the company's services increased as many businesses were affected during the Covid-19 pandemic era. The following is a list of company records of assets and liabilities as at 1 January 2021. Cash Account Account not yet received Office supplies Accounts Payable RM 50,000 35,000 17,000 15,000 Below are the company's transactions during the month of January 2021: January 2021 2 Make a loan with Bank De Rakyat of RM25,000. 3 Pay office rent in cash, RM4,500. 6 Purchased office supplies on credit, RM15,000. 10 Received a cash payment of RM12,000 for customer service. 15 Billing customers for services provided, RM9,500. 28 Paid half of office supplies purchased on January 6, 2021. 31 Pay employee salary, RM18,000. REQUIRED: Based on the above information, state the effect of each transaction On the accounting equation below. Next, determine the final balance for each account involved as at 31 January 2021. ASSETS LIABILITIES + OWNERS 'EQUITY SOALAN 2 Encik Amran is the owner of Berdaya Maju Sdn Bhd, a company that offers self-service laundry services in Jitra, Kedah. The following is a list of transactions that took place during September 2021. September 2021 1 2 2 16 622 20 27 29 30 Encik Amran added capital to his business in the form of RM150,000 in cash and RM120,000 in laundry equipment. Purchased laundry equipment on credit, RM35,000. The company bought a four-wheel drive vehicle worth RM90,000. The company pays a cash deposit of ten percent (10%) of the price of the vehicle. The balance is paid using bank financing for 9 years. Collected laundry revenue of RM15,000. Pay off 60% of the debt of laundry equipment purchased on September 2, 2021. Pay employees' salaries and utility bills in cash, RM8,000 and RM15,000 respectively. Made the first payment of RM1,100 to the bank for the vehicle purchased on 2 September 2021. Mr Amran took RM2,500 cash from the company's account for personal use. Additional information: The cash account balance as at 31 August 2021 is RM25,000 REQUIRED: (a) Prepare journal entries for transactions throughout September 2021 (Description not required). (b) Prepare a Cash Account and determine the final balance for September 2021. Use the format as below. (C+ Account: cash Date Description 3 Debit Credit Balance