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Question 1: Presented below is information related to Hanif Real Estate Agency. 1 Hanif October 2016 Hanif begins business a real estate agent with cash

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Question 1: Presented below is information related to Hanif Real Estate Agency. 1 Hanif October 2016 Hanif begins business a real estate agent with cash investment of RM25,000 in exchange for capital. Hires an administrative assistant. Pays RM1,500 for office rental, cash Purchases furniture for RM3,500 from World Furniture, on account. Provide services for Billy Lim, RM4,500 on account. Pays RM2,000 to World Furniture (balance related to transaction 3 October) Provide service to Piere Andrew, RM3,200 and receives cash 25 Pays utilities for RM300, cash Hanif invest additional capital RM5,000. 30 Pays salary to administrative assistant RM1,500, cash Required: a) Journalize the above transactions (Prepare general day books) b) Post to the accounts (Post to the ledger/ T-accounts) c) Balance off accounts d) Prepare trial balance as at 30 October 2016

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