PARLA: RECORDING BUSINESS TRANSACTIONS

For the past several years, Miss Emma has operated a part$-$time consulting business from her home. As of $1$ August $2023,$ Miss Emma decided to move to rented shop lots to operate the business, which was to be known as Emma Services, on a full$-$time basis. Emma Services entered the following transactions during August:

August The following assets were received from Miss Emma: cash, RM$13,500$; accounts

receivable, RM$20,800$; supplies, RM$3,200$; and office equipment, RM$7,500.$ There were no liabilities received.

Paid two months' rent on a lease rental contract, $RM4,800.$

Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, RM$5,500.$

Paid the premiums on property and casualty insurance policies, RM$4,500.$

Paid cash for a social media advertisement, RM$400.$

Received cash from clients on account, RM$15,300.$

Purchased additional office equipment on account from Office Supply Co$.,$ RM$6,500.$

Paid Office Supply Co$.$ for part of the debt incurred on August $10,$ RM$5,200.$

Provided services on account for the period August $1-12,$ RM$13,300.$

Paid receptionist for two weeks' salary, RM$1,750.$

Paid cash for supplies, RM$600.$

Received cash from cash clients for fees earned during the period August $117,$ RM$9,450.$

Provided services on account for the period August $13-20,RM6,650.$

Received cash from cash clients for fees earned for the period August $1724,$ RM$4,000.$

Received cash from clients on account, RM$12,000.$

Paid receptionist for two weeks' salary, RM$1,750.$

Paid telephone bill for August, RM$325.$

Paid electricity bill for August, RM$675.$

Received cash from cash clients for fees earned for the period August $2531,$ RM$5,200.$

Provided services on account for the remainder of August, RM$3,000.$

Emma withdrew RM$12,500$ for personal use.