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1- Jane started a business by investing RM30,000 into the business bank account. At the end of her first-year trading, she earned a profit of RM59,000 and had a total asset of RM209,000 and total liabilities of RM130,000. During the year she made drawings of RM10,000. How much further capital she had introduced in the year? *

1 point

RM 10,000

RM 20,000

RM 30,000

None

2-

On 1 Jan 2022, 123 Transport Sdn Bhd has billed their clients for transportation services performed. Choose the adjusting entry to be prepared after the company has received payments from their clients on 31 Jan 2022. *

1 point

Debit Account Receivable and Credit Cash

Debit Prepaid Service Revenue and Credit Service Revenue

Debit Cash and Credit Account Receivable

Debit Account Receivable and Credit Service Revenue

3-

On 1st January, Ella Furniture paid RM18,000 for 6 months rental expenses. Prepaid rent was debited for the full amount. If financial statements are prepared on 31st January, the adjusting entry to be made by Ella Furniture is: *

1 point

Debit Prepaid Rent RM3,000 and Credit Rent Expense RM3,000

Debit Prepaid Rent RM24,000 and Credit Rent Expense RM24,000

Debit Rent Expense RM24,000 and Credit Prepaid Rent RM24,000

Debit Rent Expense RM3,000 and Credit Prepaid Rent RM3,000

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