QUESTION 1 Sepat Sepadu Bhd sells car accessories. The following are transactions related to one of its main customers, Syarikat Baung Sepakat for the year 2022 and 2023: The accounting period for Sepat Sepadu Bhd is ended at 31 December. REQUIRED: (a) Prepare journal entries and adjustment(s) to record all the transactions related to Syarikat Baung Sepakat transaction in the years 2022 and 2023. Show your calculation, if any. 1 BKAR1013 Financial Accounting \& Reporting I (b) Sepat Sepadu Bhd gave too much attention to clients and persistence in obtaining new customers that caused the business to grow at a tremendous pace. The business has become too busy that it has neglected to keep after clients who have failed to make their payments. As a result, Sepat Sepadu Bhd has a large amount of accounts receivable and notes receivable on the statement of financial position but not much cash. Suggest some options to Sepat Sepadu Bhd to achieve a strong cash balance