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undefined Required: (a) Prepare the journal entries to record the above transactions. (Explanation of Journal Entry is not required) (20 marks) (b) Compute the increase

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Required: (a) Prepare the journal entries to record the above transactions. (Explanation of Journal Entry is not required) (20 marks) (b) Compute the increase or decrease in profit at the end of December as a result of the above adjusted entries. (Show workings) (6 marks) Required: (a) Prepare the journal entries to record the above transactions. (Explanation of Journal Entry is not required) (20 marks) (b) Compute the increase or decrease in profit at the end of December as a result of the above adjusted entries. (Show workings) (6 marks)

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