The following events and transactions took place in the month of December 2020, for RECO Company.

Dec 1 Paid RM5,000 cash for a one-year insurance policy.

4 Received RM3,200 cash from customer for services provided last month. 8 Provide services to customer on account amounted RM4,800.

10 Customer made an advance payment for services to be performed in February next year amounted RM6,500.

12 Advertised companys services through advertisement agent on credit RM10,500.

15 Made an appointment with customer to discuss services to be performed next week.

21 Performed services to customer where customer made payment through cash, RM3,500 and on credit, RM2,500.

25 Paid employees salaries amounted RM11,600.

Instructions:

(a) Journalize the above transactions for RECO company for the month of December 2020. (16 marks)

(b) Prepare the Cash T-account of RECO Company. Assume the company had a beginning balance of cash amounted RM125,000.