Question Sara Linden opened Splash's Carpet Cleaners on 1 August 2018. During August, the following transactions were completed. Aug 1 Invested RM10,000 cash in the business. 1Purchased used truck for RM6,000 paying RM3,000 cash and the balance on account. 3 Purchased cleaning supplies for RM1.200 on account. 5 Paid RM1.800 cash on one-year insurance policy effective August 1 14 Billed customers RM200 for cleaning services. 18Paid RM1500 cash on amount owed on truck and RM 500 on amount owed on cleaning supplies. 20 Paid RM18QQ cash for employee salaries. 21 Collected RM1400 cash from customers billed on August 14 28 Billed customers RM2,500 for cleaning services. 31 Paid gas and oil for month on truck RM200 31 Withdrew RM700 cash for personal use. a) Journalize and post the August transactions. b) Prepare a trial balance at August 31 on a work sheet. Hint Balance RM175001 c) Enter the following adjustments on the work sheet and complete the work sheet. 1. Earned but unbilled revenue at August 31 was RM700 2. Depreciation on equipment for the month was RM250 3. One twelfth (1/12) of the insurance expired. 4. An inventory count shows RM600 of cleaning supplies on hand at August 31 5. Accrued but unpaid employee salaries were RM500 d) Prepare the statement of Profit or Loss and owner's equity statement for August and classified statement of Financial Position at August 31 LHint Net Income RM2,500] e) Jounalize and post adjusting entries. f) Journalize and post-closing entries and complete the closing process. g) Prepare post-closing trial balance at August 31. [Hint: Balance is RM14 7501