Daisy, who experienced worked with notable technology consulting firm for $10$ years decides

to open her own business, Digital Era Communication Supplies $($DECS$).$ The business provides

computer accessories supplies such as webcam, computer mouse and others. Daisy appoints

Matthew as junior accountant for the company. Matthew responsible to perform the recording

process and prepare financial statement for the DECS. 'The transactions for the first month of

operation presented as below:

Date Transaction

June $2023$

$1$ Invested business with RM$35,000,$ which deposited into the bank.

$2$ Daisy brought in furniture worth RM$17,000$ for business use.

$3$ Purchased $100$ units of webcam on credit RM$11,200$ from Hard Net

Technology.

$7$ Purchased $30$ units of webcam worth RM$3,360$ from Alpha Dot Com.

$15$ Sold $50$ units of webcam at RM$150$ per unit to Master in Tech and received

cheque RM$7,500.$

$17$ Aman College returned $2$ units of webcam amounted to RM$300$ due to wrong

model.

$20$ Paid Hard Net by cheque and received $3\%$ discount.

Ending inventory had been valued at RM$6,944$

Required:

Assume that you are Matthew, using periodic inventory system.

a$)$ Journalize the above transactions $($narration is not required$).$

b$)$ Post to related accounts, balance off and prepare trial balance.

c$)$ Prepare Statement of Profit or Loss for the month ended $30$ June $2023.$

d$)$ Explain THREE $(3)$ recommendations to improve Digital Era Communication

Supplies performance.