PRINCIPLES OF FINANCIAL ACCOUNTING BAC1034 QUESTION 3 [15 MARKS] Listed below are the selected account balances (before adjustment) for Pink Star Berhad as at 31 December 2018. Accounts Accounts Receivable RM 350,000 130,000 296,000 Supplies Prepaid Insurance Furniture and Fixtures 100,000 5,000 Accumulated Depreciation Furniture and Fixtures Motor Vehicles 250,000 25,000 Accumulated Depreciation Motor Vehicles Accounts Payable Notes Payable 234,900 120,000 213,400 Unearned Service Revenues Motor Vehicles Expenses Water and Electricity Expenses 18,000 27,200 Adjusted transactions to be treated at the end of the year: 1. Half (1/2) of accounts receivable have been collected at the end of the year. 2. A count of supplies as at 31 December 2018 indicated that supplies of RM80,000 have been used. Prepaid insurance with 4 years' policy was purchased on and effectively used from 1 January 3. 2018. Depreciation for the year to be computed as follows: 4. Furniture and Fixtures is 5% using straight line method. a. b. Motor Vehicles is 10% using reducing balance method. 5. One-third (1/3) of accounts payable have been paid at the end of the year. 6. Notes payable was issued on 1 January 2018 with 10% interest accrued annually. 7. A quarter (1/4) of unearned service revenue has been earned at the end of the year. 8. Accrued motor vehicles expenses amounted RM5,500 of which yet to be recorded at the end of the year. 9. Paid water and electricity expenses for January until March 2019 amounted RM6,800 of which yet to be recorded at the end of the year. Required: Journalize all the adjusted transactions above. Show all workings (if any)