Farisha started a Spa and Beauty in Kuala Lumpur after completing her study at the Neo Image institute. Fsha Spa and Beauty begins its operation on 1 February 2021 by providing beauty spa services as well as beauty and health therapy and consulting services. Followings are the transactions during the first month of the business operation:

Feb 1 Farisha started her Spa businesses with self-cash capital of RM 20,000 and furniture and fittings cost RM 20, 000

1 Bought some beauty supplies from Armour Bhd at cost RM 3,000 (paid cash for RM 2,300 and the balance via credit)

1 Paid one month rental of RM1, 000 for the shop.

2 Spend for promotion the spa services which cost RM1, 200. 50% of the cost was support by her sisters catering service and the balance of the cost was paid by Farisha

15 The spa started to serve many customers and generates revenues amounting RM 3,100 cash.

16 The business also arranged a beauty consulting class to customers by billing the De Neo for RM1, 500

24 Billed the Royal Dance Club for services served by the Spa for RM2, 200

28 A personal cash withdrawal of RM300 for her husbands birthday present

28 The bank has approved an overdraft facility to the Spa for RM76, 000

1. Records the following transactions in journal
2. Post to ledger accounts
3. Compile a trial balance as at 28 February 2021

Question 2

Jason opened a launderette on 1 September 2021. During the first month of operations, the following transaction occurred.

Sept 1 Invested RM 20,000 cash in the business

2 Paid RM1, 000 cash for store rent for the month of September

3 Purchased washing machines and dryers for RM25, 000 paying RM10, 000 in

Cash and the balance by obtaining a personal loan from bank.

4 Paid RM1, 200 for a one year accident insurance policy.

10 Received a bill of RM200 from the KL Times for advertising the opening of the

Launderette

17 Withdrew RM 700 cash for personal use

30 Determined that cash receipts for laundry fees for the month were RM6, 200

1. Records the following transactions in journal
2. You are required to records the above transactions in the ledger (use T account) balance off the account and bring down the balances as at 1 October 2021
3. Compile a trial balance as at 30 September 2021