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Prepare journal entries for each transaction listed above based on Emma Services's chart

of accounts. Use Section I $($a$)$: Initial Journal Entries template.

Post the journal entries to $T-$accounts using Section II template.

Enter the unadjusted balance into Section III template $($the unadjusted trial balance$).$

At the end of August, the following adjustment data were assembled. Prepare the

adjusting journal entries using Section I $($b$)$: Adjusting Journal Entries template. Then,

post the adjusting journal entries to the T$-$accounts $($use the same T$-$accounts in Question

$.$

$($a$)$ Insurance expired during August is RM$375.$

$($b$)$ Depreciation of office equipment for August is RM$750.$

$($c$)$ Rent expired during August is RM$2,400.$

$($d$)$ Supplies on hand on August $31$ are RM$2,275.$

$($e$)$ Unearned fees on August $31$ are RM$2,750.$

$($f$)$ Accrued receptionist salary on August $31$ is RM$175.$

Enter the adjustment data into Section III template $($the adjustment columns$).$

Prepare an adjusted trial balance as at $31$ August $2023$ using Section III template $($the

adjusted trial balance$).$

Prepare an income statement, a statement of owner's equity, and a balance sheet using

Section IV templates.

Prepare the closing journal entries using Section I $($c$)$: Closing Journal Entries and post to

the appropriate account.

Finally, prepare a post$-$closing trial balance using Section III template $($the post$-$closing

trial balance$).$PARLA:RECORDING BUSINESS TRANSACTIONS

For the past several years, Puan Dayani is a part time image consultation from her home. As of

$1$ August $2023,$ Puan Dayani decided to move to rented shop lots to operate the business, which

was to be known as Emma Services, on a full$-$time basis. Emma Services entered the following

transactions during August:

August The following assets were received from Puan Dayani: cash, RM$13,500$; accounts

receivable, RM$20,800$; supplies, RM$3,200$; and office equipment, $RM7,500.$ There

were no liabilities received.

Paid two months' rent on a lease rental contract, RM$4,800.$

Received cash from clients as an advance payment for services to be provided and

recorded it as unearned fees, RM$5,500.$

Paid the premiums on property and casualty insurance policies, RM$4,500.$

Paid cash for a social media advertisement, RM$400.$

Received cash from clients on account, RM$15,300.$

Purchased additional office equipment on account from Office Supply Co$.,$

RM$6,500.$

Paid Office Supply Co$.$ for part of the debt incurred on August $10,$ RM$5,200.$

Provided services on account for the period August $1-12,$ RM$13,300.$

Paid receptionist for two weeks' salary, RM$1,750.$

Paid cash for supplies, RM$600.$

Received cash from cash clients for fees earned during the period August $1-$

$17,RM9,450.$

Provided services on account for the period August $13-20,$ RM$6,650.$

Received cash from cash clients for fees earned for the period August $17-$

$24,RM4,000.$

Received cash from clients on account, RM$12,000.$

Paid receptionist for two weeks' salary, RM$1,750.$

Paid telephone bill for August, RM$325.$

Paid electricity bill for August, RM$675.$

Received cash from cash clients for fees earned for the period August $25-$

$31,$ RM$5,200.$

Provided services on account for the remainder of August, RM$3,000.$

Emma withdrew RM$12,500$ for personal use.

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