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The following transactions of Gemilang Enterprise occurred during the month of April 2021: Date Transactions April 1 Adib, the owner of Gemilang Enterprise invested RM10,000

The following transactions of Gemilang Enterprise occurred during the month of April 2021:

Date

Transactions

April 1

Adib, the owner of Gemilang Enterprise invested RM10,000 of his personal savings into the companys account.

2

Rented office space and paid RM1,200 cash for the month of April.

3

Purchased of office equipment for RM30,000, paying RM8,000 cash and the balance to be paid in one year period.

4

Purchased office supplies for RM750 cash.

8

Completed services for a client and received RM2,700 cash for the services.

15

Completed services RM3,600 for a client on credit.

20

Received RM3,600 from a client for the work completed on 15 April.

28

Paid the office secretarys monthly salary, RM1,200 cash.

30

Adib withdrew RM2,000 for his personal use.

You are required to:

  1. Show the effects of the above transactions on the accounting equation;

Asset = Liability + Equity.

(12.5)

  1. Calculate the ending balance of each account in (a) and the total of the accounting equation.

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