QUESTION 1 (38 Marks) A. Abu Consulting Firm completed the following transaction during June: a) Abu, the owner, invested RM80,000 cash along with office equipment valued at RM30,000 in the new company. bj The company purchased land valued at RM30,000 and a building valued at RM170,000. The purchase is paid with RM40,000 cash and a long-term note payable for RM160,000. () The company purchased RM2,400 office supplies on credit. d) Abu invested his personal automobile in the company. The automobile has a value of RM18,000 and is to be used exclusively in the business. e) The company purchased RM6,000 of additional office equipment on credit. The company paid RM1,500 cash salary to an assistant. g) The company provided services to a client and collected RM6,000 cash. h) The company paid RM800 cash for this month's utilities. The company paid RM2,400 cash to settle the payable created in transaction c. j) The company purchased RM20,000 of new office equipment by paying RM20,000 cash. k) The company completed RM5,200 of services for a client, who must pay within 30 days. D The company paid RM1,500 cash salary to an assistant. m) The company received RM3,800 cash in partial payment on the receivable created in transaction k. Abu withdrew RM6,400 cash from the company for personal use. Required i. Prepare general journal entries to record these transactions. (15.5 marks) ii. Post the journal entries from part a) to the ledger accounts (balance column account) and enter the balance after each posting. (22.5 marks)