QUESTION 2 a) Tengku Marteen established a consultancy service business, called TM Consultant Bhd on 1 November 2010. During September 2019, the following transactions have been completed: Paid office rent RM 1,500. 3 Purchased equipment on account from Kelvin Furniture, RM4,750. 7 Received cash from clients, on account RM2,100. 9 Purchased office supplies by cheque, RM6,300. 16 Paid cash to Kelvin Furniture, RM2,000. 18 Received cheque for services performed, RM3,300. 21 Purchased used motor vehicle for RM36,000, paying by cash RM6,000 and giving note payable for the balance. 24 Paid in full by cheque to Kelvin Furniture, RM2,500. 27 Billed the Royal Dance Club for the services served, RM1,750. 30 The bank has approved an overdraft facility to the business for RM50,000. Required: Journalize the above transactions in General Journal form. Explanations are not required. (10 marks) Continued... BRW 25 BACIU PRINCIPLES OF ACCOUNTING JUNE 2020 b) Due to Covid-19 pandemic crisis in Malaysia, provide your opinion on the financial effects of most companies when preparing financial statements. (15 marks) (Total: 25 marks)