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QUESTION 3 Salam Sdn Bhd began professional practice as consultants on Jan 1. Below is...

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Accounting

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QUESTION 3 Salam Sdn Bhd began professional practice as consultants on Jan 1. Below is the information provide at the end of January 2020: 1. Jan 1, Owner invested cash RM30,000; equipment RM 10,000; and company vehicle RM40,000. 2. Jan 2. Paid cash RM 10,000 for two month office rent. 3. Jan 10. Completed work for a client on account for RM 8,000. 4. Jan 12. Received cash RM12,000 payment in advance from client. 5. Jan 15. Purchase new equipment RM5,000 on account. 6. Jan 20. Provided service to a client who paid only RM 2,000 for 20% of total invoice. 7. Jan 26. Paid salary of three worker RM9,000. And received bill for utility RM 500. Required: 1. Prepare the journal entries and post it to respective ledger and, 2. Prepare the trial balance

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