Question 1:

Menara Wealth Management involved the following transactions during September 2020, the first month of its operation:

Date	Transactions
September 1	Started a financial planning services company by investing RM150,000 cash and office equipment of RM50,000.
2	Purchased RM12,000 of office equipment by cash.
3	Purchased RM3,000 of office supplies on credit.
4	Completed service for a client and received a payment of RM9,000 cash.
8	Completed service for Syarikat Bizara on credit amounted to RM17,000.
10	Paid the supplier for the office supplies purchased on 3 September.
14	Paid RM9,600 being the annual premium for an insurance policy.
18	Received payment in full from Syarikat Bizara for the service completed on 8 September.
27	Owner withdrew RM6,500 cash from the company for personal expenses.
30	Paid RM1,750 cash for the utility bills in September.
31	Received RM20,000 cash from a client for a financial service to be rendered next year.

Required:

1. Prepare journal entries to record all of the above transactions.

(5.75)

2. Post the journal entries to the relevant three column ledgers.

(6)

3. Prepare the trial balance as at 30 September 2020.

(2.75)