LeNia Spa House is a new, friendly, cosy and exclusive Beauty \& Health spa at Batu Pahat Mall owned by Ledia and her sister, Lania. The decoration of the spa house was set in modern design with different themes in each room. The spa house provides a rejuvenating atmosphere where customers will be able to relax both their body and mind, offering wide range of holistic healing methods including massage, body treatments, energy balancing, yoga, nutrition counseling and organic hair and nail services. They started their business on 1 January 2017 and spent RM250,000 on spa house building, RM90,000 for business car and RM15,000 cash in bank. At the same time, the business obtained RM20,000 bank loan from Macbank Berhad as additional fund. The interest rate was 8% per annum. The estimated life of business car is only 5 years with a scrap value of RM3,000. The business adopt straight line depreciation method on yearly basis. LeNia Spa House is now in the process of preparing its financial statement for the year ended 31 December 2017. As for the 12 months operation, the following figures have been produced: The financial year end of LeNia Spa House is on 31 December 2017 every year. Required: a. Explain the characteristics of LeNia Spa House business organization. b. Discuss three (3) accounting concepts applicable to LeNia Spa House. (6 marks) c. Find the total expenses of LeNia Spa House. (6 marks) d. Illustrate the double entries for the items held on 1 January 2017. (7 marks) (6 marks) (Total: 25 marks)