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Ahmad established a consultancy service business, called Ahmad Consultant on 1 March 2019. The following transactions for Ahmad Consultant have been completed during the first

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Ahmad established a consultancy service business, called Ahmad Consultant on 1 March 2019. The following transactions for Ahmad Consultant have been completed during the first month : March 1 Deposit of RM25,000 from personal fund into the business account. 1 Paid office rent for March, RM500. 2 Purchased equipment on account, RM4,200. 9 Billed a customer for consultation services provided on account, RM2,800. 18 Purchased supplies on account, RM2,500. 22 Paid cash from business account for personal and family expenses, RM1,000. 26 Received cash for services given during 9 March, RM2,100. 31 Paid utility expenses, RM400. Additional information: 1. There are accrued salaries and wages of RM2,000 for March 2019. 2. An inventory shows that office supplies costing RM1,800 are available on hand at 31 March 2019. Depreciation of equipment is at rate of 10% per annum based on the straight line method 4. Fees earned but unbilled on 31 March 2019 are RM3.250. 3. REQUIRED: (a) (b) Journalize the transactions for March 2019. (Journal explanation is not required) Post the journal entries to the three column ledger. Please answer in the Appendix 1 provided Prepare the unadjusted trial balance as at 31 March 2019. Prepare the relavant adjusting journal entries and show your working calculation (Journal explanation is not required) (c) (d) BKAL1013 BUSINESS ACCOUNTING (e) Prepare the adjusted trial balance as at 31 March 2019. (f) Prepare the statement of comprehensive income for the month ended 31 March 2019. APPENDIX 1: General Ledger ACCOUNT: CASH Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Credit Balance ACCOUNT: Date Item Debit Credit Balance BKAL1013 BUSINESS ACCOUNT Date Debit Credit Balance ACCOUNT Date Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance ACCOUNT: Date Item Debit Credit Balance

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