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Question 2 [25 marks] Diane started her spa business, Serene Spa, last month, March 2021. The following are the business transactions. 2021 March 1) Diane
Question 2 [25 marks] Diane started her spa business, Serene Spa, last month, March 2021. The following are the business transactions. 2021 March 1) Diane started the business with initial capital of RM5,000 cash and RM50,000 deposited into the bank account. 5) Bought office equipment RM3,500 and fixtures RM1,250. Payment using business debit card. 10) Bought additional fixtures RM2,250 by cash. 15) Paid banner advertisement RM400 by cash. 20) Diane invested additional capital in the form of vehicles worth RM78,000. 28) Diane withdrawn RM6,000 from business bank account to business petty cash. You are required to: a) Prepare the journal entries. b) Prepare ledger entries and balancing off the ledgers. c) Prepare trial balance. [8.5 marks] [11.5 marks] [5 marks]
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