Reference no: EM132599281
During September, the following transactions occurred:
Sep 4 Paid office rent of RM1,200 for September.
5 Completed an accounting assignment for RM3,800. The client has made payment last month.
7 Paid the outstanding utilities bills in full.
8 Purchased RM900 supplies for cash.
11 Received a RM1,500 bill for advertising job vacancies in newspapers and online recruitment websites.
14 Completed annual return for a client and received cash RM500.
17 Paid RM4,700 to suppliers for amount due on account.
24 Completed an audit assignment for RM8,000. The client paid 30% cash, and the balance will be paid next month.
28 Paid employee salaries RM5,000.
29 Received RM3,000 cash for audit service to be performed in mid October.
Question (a) Journalise the September transactions.
Question (b) Enter the 1 September balances in the ledger (T-account) and post the current month's transactions.
Question (c) Prepare the trial balance for the current month.
Question (d) Create TWO (2) different adjustments (either prepaid expense, depreciation expense, unearned revenue, accrued revenue or accrued expense) for September. You are NOT allowed to copy directly from lecture slides, tutorial questions or from other groups. Students will get zero mark if they are found to have copied the adjustment statements.
Question (e) Journalise and post the adjusting entries that you have created in (d) to the affected accounts.
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