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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).
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