QUESTION 3 Pusat SMP Workshop. Bangi owned and managed by Encik Muhammad Hafiz, started business in March 2021. The following information is taken from the general ledger of Pusat SMP Workshop: Cash Account receivable Mac 1 (1) 4.400 Mac 4 (ii) 700 Mac 9 (ii) 235 Mac 15 (v) 1 90 11 (iv) 250 25 (vii) 650 15 (v) 190 Equipment (i) 800 (ii) 2,550 Capital, Muhammad Hafiz Mac 1 (1)5,200 Mac 1 4 Account Payable Mac 4 (ii) 1,850 17 (vi) 350 Revenue Mac 9 11 (iii) 235 (iv) 250 Rental expense Supplies Inventory Mac 25 (vii) 650 Mac 17 (vi) 350 Be required: a) Explain the transactions that have been recorded in the general ledger of the SMP Workshop Center in the order from (1) to (vii). b) Prepare journal entries based on the postings made into the general ledger of the SMP Workshop Center in the order (i) to (vii). c) Prepare the SMP Workshop Center Trial Balance on 31 March 2021