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Question 1 Alan runs his own e-marketing consulting business called Alan E-Marketing. On 1st January 2019, the business of Alan E-Marketing had the following accounts
Question 1 Alan runs his own e-marketing consulting business called Alan E-Marketing. On 1st January 2019, the business of Alan E-Marketing had the following accounts and balances in its general ledger Accounts title RM Cash at Bank 4,000 Accounts Receivable 12,000 Motor Vehicle Office Equipment Accounts Payable Capital: Alan Tan 20,000 4,000 6,000 34,000 For the month of January, Alan E-Marketing completed the following transactions Purchased office equipment RM3,800 on credit from Jop Office Supplies Received a cheque of RM7,500 from accounts receivable Provided consultancy service on credit to Frankie for RM4,500 Paid the balance due of RM6,000 to accounts payable by cheque. Paid in full to Jop Office Supplies for the office equipment bought on January 4 Received RM2,600 commission by cheque for introducing a client to another business. Jan 4 Jan 8 Jan 10 Jan 13 Jan 17 Jan 20 Paid rent RM1,500 by cheque Jan 31 Required: a. Record the opening balances and the transactions for the month of January in (22 marks) January (8 marks) the GENERAL LEDGER. b. Prepare a TRIAL BALANCE from the general ledger balances as at 31st 2019
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