(a) Explain two benefits that accrue from the use of the journal in the recording of business transactions and events. (4 marks) (b) The following are journal entries relating to transactions of Dada Executive Salon during its first month of operation. Jasmine is the sole proprietor of the salon. 2021 DESCRIPTION DEBIT CREDIT May Ksh. Ksh. 1Cash at bank 500.000 Jasmine Capital 500.000 Being capital introduced by Jasmine into the business 2Rent expense 20.000 Cash at bank 20.000 To record payment of rent expense for the month of May 5 Fixtures and fittings 80,000 Accounts payable 80,000 To record the purchase of new fixtures on credit. 7Store supplies 40.000 Cash at bank 40,000 To record the purchase of store supplies 10Cash 28.000 Accounts receivable 6.500 34.500 Fees earned Being fees earned for services rendered partly on cash basis and partly on credit. 13Cash at bank 18.500 Fees earned 18.500 Being cash received for services rendered to client 18Accounts payable 35.000 Cash at bank 35.000 Being partial settlement to the supplier for fixtures supplied on credit on 5" May 21Cash at bank 5.500 Accounts receivable Being amount received from debtors 75.000 25Jasmine Withdrawals Cash at bank 75.000 Being amount withdrawn by Jasmine for personal use 5.500 8.cmid=24664&page=1 ashboard Events My Courses d. This course TO Tecorae purchase or Sure Supplies 10 Cash 28.000 Accounts receivable 6,500 34500 Fees earned Being fees earned for services rendered partly on cash basis and partly on credit 13Cash at bank 18.500 Fees earned 18.500 Being cash received for services rendered to client 18Accounts payable 35.000 Cash at bank 35.000 Being partial settlement to the supplier for fixtures supplied on credit on 5 May - 21 Cash at bank 5.500 Accounts receivable 5.500 Being amount received from debtors 25Jasmine Withdrawals 75.000 Cash at bank 75,000 Being amount withdrawn by Jasmine for personal use 31 Stores supplies expense 25.000 Stores supplies 25.000 To record stores supplies consumed in the month th Required: Post the above journal entries to their relevant T-accounts and cast the accounts. (11 marks) (it) Extract the unadjusted Trial Balance of Dada Executive Salon as at 31" May 2021 (10 marks) B / P 2