INSTRUCTIONS: 1. This is a close book group exercise and contributes to 10% of your total marks. 2. Submit only one answer per group and the answer must be submitted via Google Classroom. 3. All members must participate in the discussion and preparation of the answer. Discussion must be done in English Anna started her interior design consultant business, Urban Design Consultant on July 1, 2020. The trial balance of Urban Design Consultant at June 30, 2021 is as follows: Urban Design Consultant Trial Balance as at 30 June 2021 Debit Credit RM RM Cash 78,000 Account receivable 34,000 Office equipment 21,000 Furniture 10,900 Account payable 24,800 Other payables 7,900 Share capital 90,000 Retained earnings 21,200 143,900 143,900 During July 2021, the business completed the following transactions: July 2 Purchase a computer (office equipment) for the business for RM5,500 cash. 5 Performed services for a cafe and received its promise to pay the RM15,000 within one week. 9 Paid RM2,500 for furniture purchased on June 25, 2021. 11 Performed services for a law firm and received RM19,000 cash. 12 Received payment from client for service performed on July 5. 13 Received RM12,000 cash for design services to be performed in August 2021. 18 Bought a motor vehicle to be used in the business for RM40,000, paid cash in full 20 Received RM3,000 cash for consulting with Naelonear boutique. 25 The business received a bill for advertising in the television to be paid in August, RM1,000. 27 Purchased a building with a market value of RM120,000, and land with a market value of RM65,000. The business paid RM35,000 cash and signed a note payable to the bank for the remaining amount. 28 Paid salary for the month, RM7,300 and rental for June and July 2021, RM2,000 per month Required: 1. Journalize the above transactions. 2. Post to ledger or T-account. 3. Prepare a trial balance as at 31 July 2021. 4. Prepare a Statement of Profit or Loss and Other Comprehensive Income and a Statement of Changes in Equity for the month ended 31 July 2021, and a Statement of Financial Position as at 31 July 2021