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

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Prepare journal entries for each transaction listed above based on Emma Services's chart
of accounts. Use Section I (a): Initial Journal Entries template.
Post the journal 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 Journal Entries template. Then,
post the adjusting journal entries to the T-accounts (use the same T-accounts in Question
.
(a) Insurance expired during August is RM375.
(b) Depreciation of office equipment for August is RM750.
(c) Rent expired during August is RM2,400.
(d) Supplies on hand on August 31 are RM2,275.
(e) Unearned fees on August 31 are RM2,750.
(f) Accrued receptionist salary on August 31 is RM175.
Enter the adjustment data into Section III template (the adjustment columns).
Prepare an adjusted trial balance as at 31 August 2023 using Section III template (the
adjusted trial balance).
Prepare an income statement, a statement of owner's equity, and a balance sheet using
Section IV templates.
Prepare the closing journal entries using Section I (c): Closing Journal Entries and post to
the appropriate account.
Finally, prepare a post-closing trial balance using Section III template (the post-closing
trial balance).PARLA:RECORDING BUSINESS TRANSACTIONS
For the past several years, Puan Dayani is a part time image consultation from her home. As of
1 August 2023, Puan Dayani 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 Puan Dayani: cash, RM13,500; accounts
receivable, RM20,800; supplies, RM3,200; and office equipment, RM7,500. 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, RM5,500.
Paid the premiums on property and casualty insurance policies, RM4,500.
Paid cash for a social media advertisement, RM400.
Received cash from clients on account, RM15,300.
Purchased additional office equipment on account from Office Supply Co.,
RM6,500.
Paid Office Supply Co. for part of the debt incurred on August 10, RM5,200.
Provided services on account for the period August 1-12, RM13,300.
Paid receptionist for two weeks' salary, RM1,750.
Paid cash for supplies, RM600.
Received cash from cash clients for fees earned during the period August 1-
17,RM9,450.
Provided services on account for the period August 13-20, RM6,650.
Received cash from cash clients for fees earned for the period August 17-
24,RM4,000.
Received cash from clients on account, RM12,000.
Paid receptionist for two weeks' salary, RM1,750.
Paid telephone bill for August, RM325.
Paid electricity bill for August, RM675.
Received cash from cash clients for fees earned for the period August 25-
31, RM5,200.
Provided services on account for the remainder of August, RM3,000.
Emma withdrew RM12,500 for personal use.
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