3 BBM205/03 Answer ALL questions below. Question 1 Below was the transactions worksheet of Selna Enterprise on April 1, 2020, ASSETS Cash + + + + Account Receivables 3,600 Prepaid expenses 1.000 Supplies on hand 350 LIABILITY Account payable 2,000 EQUITY Share capital 7,350 Retained earnings 4,400 The following transactions occurred during April: April 1 Collected RM2,000 cash in satisfaction of an amount owed by a customer April 3 Billed RM3,000 to customers for chairs rented to date. April 4 Paid the following expenses: advertising, RM300; salaries, RM2,000; telephone, RM100 April 6 Paid half of the accounts payable. April 9 Received a RM500 bill for April truck operating expenses. April 15 Collected RM2,500 in satisfaction of an amount owed by a customer April 16 Billed RM1,500 to customers for chairs rented to date. April 16 Transferred RM500 of prepaid expenses to rent expense. April 25 Issued additional share capital and received RM10,000 cash. April 30 Counted RM200 of supplies still on hand (recorded the amount used as an expense) Ctrl Prisc ( Copy excel to word BBM205/03 4 debit & credit Required: Unit 17 (a) (b) Record the above transactions in the relevant journals. Narrations are required. Asset - Lia litibity t Capital le quity [11 marks] must have this speel goes into exeel formal Record the opening balances and the above transactions on a transactions worksheet and calculate the total of each column at the end of April. (Use the headings above on your worksheet.) [14 marks] Question 2 The following information is taken from the records of WeBs Sdn Bhd. The company uses the perpetual inventory system. Ilict (DM)