QUESTION 1 (30 MARKS: 54 MINUTES) Tara owned a business known as Hybrid Sdn. Bhd. The following transactions were completed during the month of January 2017: 1 Jan 2 3 4 Tara contributed the following assets to the business: cash, RM12,950; supplies, RM1,500, and office equipment, RM18,750. Paid one-year premiums on property and casualty insurance policies, RM2,400. Rendered services on account, RM2,800. Received cash from clients as an advance payment for services to be provided, RM4,150. 5 Purchased additional office equipment on account from Adrian Enterprise, RM2,500. 6 Received payments from clients related to transaction on 3 January, RM1,900. 10 Paid cash for a newspaper advertisement, RM325. 12 13 Paid Adrian Enterprise being part of the debt incurred on 5 January, RM1,250. Rendered services on account, RM3,750. 14. Paid part-time receptionist for two weeks' salary, RM1,500. 18 Paid cash for supplies, RM600. 31 Paid electricity bill for January, RM300. 31 Tara withdrew RM5,000 for personal use. Additional information: i. ii. iii. iv. Insurance expired during the month of January 2017 was RM200. Ending inventory of supplies was RM875. Depreciation of office equipment for the month of January 2017 was RM675. Accrued receptionist salary on 31 January was RM150. V. Unearned fees on 31 January were RM1,150. REQUIRED: (a) Prepare the journal entries to record each of the transactions including all the necessary. adjustments for the month of January 2017 (Omit the explanations).