PART AL RECORDING BUSIMESS TRANSACTIONS

For the past several years, Miss Emma has operated a part$-$time consalting busines from he home. As of $1$ August $2023,$ Miss Emmi decided to move to rented shop lots to operate the bustines, which was to be known as Enme Services, on a fill$-$time besis. Emma Services ertered the following transactions during August:

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

rerevable, RMP$0,800$; supplies, RMO,$200$; and office equipment, RM$7,500.$ There were no liabilities received

Paid two montis' rent on a lease rental cortract, RM$4,800.$

Recoived cash from dients as an advance payment for services to be provided and reconded it as unearned fes, RMS$,500.$

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

Paid cash for a sacial medis advertisement, RM$400.$

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

Aurchased additional office equipment on account from Office Supply $CO,$ RM$6,500.$

Paid Office Supply $C_0.$ for part of the debt incurred on August $10,$ RMS$,200.$

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

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

Paid cash for supplies, RM$600.$

Received cash from cash dients for fees earned during the period August $117.RM9,450.$

Provided services on account for the period August $13-20,$ RM$6,650.$

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

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

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

Paid telephane bill for August, RM$325.$

Paid electriaty bil for August, RM$675.$

Received cash from cash dients for fee earned for the period August $2531,$ RMS$,200.$

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

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

$3/17$

Instructions

Prepare journal entries for each transaction listed above based an Emma Services's chart of accounts. Use Section I $($a$)$: Initial bournal Entries template.

$\backslash$table$[[$Chart af Accounts for Emma Sevices$],[$Cash$,$Capital$],[$Accounts Recoivable,Drawing$],[$Supplies$,$Fees Esrned$],[$Prepaid Rent,Salary Expense$],[$Prepaid Insurance,Supplies Ecpense$],[$Office Equipment,Rent Experse$],[$Accumulated Depreciation $-$ Office Equipment,Depreciation Eupense$],[$Accounts Payable,Insurance Expense$],[$Salaries Payable,Miscellaneous Expense$],[$Unearned Fees,Income Summary$]]$

Post the joumal entries to T$-$accounts using Section II template

Enter the unadjusted balance into Section III template $($the unadjusted trial balance$).$

At the end of August, the following adjustment data were assembled. Prepare the adjusting journal entries using Section I $($b$)$: Adjusting Joumal Entries template. Then, post the adjusting journal entries to the T$-$accounts $($use the same T$-$accounts in Question $2).$

$($a$)$ Insurance expired during Auguat is RM$375.$

$($b$)$ Depreciation of affice equipment for August is RM$750.$

$($c$)$ Rert expired during August is RM$2,400.$

$($d$)$ Supplies an hand on August $31$ are RM$1,525.$

$($e$)$ Unearned fees on Auguat $31$ are RM$2,750.$

$($f$)$ Accrued reoptionist salary on August $31$ is RM$175.$

Enter the adjustment data into Section III template $($the adjustment columrs$).$

Prepare an adjusted trial balance as at $31$ Auguat $2023$ using Sectian III template $($the adjusted trial balance$).$

Prepare an income statement, a statement of owner's equity, and a balance sheet using Sectian IV tempiates.

Prepare the closing joumal entries using Section I $($c$)$: Oasing Joumal Entries and post to the appropriate account.

Finally, prepare a post$-$dosing trial baiance using Section III template $($the post$-$dosing trial balance$).$K

$$

I need answer for Number $4$ and $7$ only. Thankyou