QUESTION 2 Syarikat Ali Sdn. Bhd. owned by Ali, began operations in May and completed the following transactions during that first month of operations. May 1 Ali invested RM90,000 cash in the company for ordinary shares. 2 The company purchased RM25,000 in office equipment. It paid RM10,000 in cash and signed a note payable promising to pay the RM15,000 over the next three years. 2 The company rented office space and paid RM3,000 for the May rent 6 The company installed a new roof for a customer and immediately collected RM5,000. 7 The company paid a supplier RM2,000 for roofing materials used on the May 6 job. 8 The company purchased a RM2,500 copy machine for office use on credit. 9 The company completed work for additional customers on credit in the amount of RM16,000. 15 The company paid its employee salaries RM2,300 for the first half of the month. 17 The company installed a new roof for a customer and immediately collected RM2,400. 20 The company received RM10,000 in payments from the customers billed on May 9. 28 The company paid RM1,500 on the copy machine purchased on May 8. It will pay the remaining balance in June. 31 The company paid its employee salaries RM2,400 for the second half of the month. Continued... 31 The company paid a supplier RM5,300 for roofing materials used on the remaining jobs completed during May. The company paid RM450 for this month's utility bill. 31 Required: a) Record the transactions of the business in a journal. Omits an explanation for each entry. (15 marks) b) After analyzing these transactions, what is the ending cash balance? Use a T- account to support your answer. (3 marks) c) Prepare a trial balance at the end of the month. (7 marks) (Total: 25 marks)