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ASSIGNMENT 2 (CLO2)

The following transactions of Jaya Mart occurred during the month of September 2021:

Date	Transactions
September 1	Saleh, the owner of Jaya Mart invested RM10,000 of his personal savings into the companys account.
2	Rented office space and paid RM1,200 cash for the month of September.
3	Purchased of office equipment for RM30,000, paying RM8,000 cash and the balance to be paid in one year period.
4	Purchased office supplies for RM750 cash.
8	Completed services for a client and received RM2,700 cash for the services.
15	Completed services RM3,600 for a client on credit.
20	Received RM3,600 from a client for the work completed on 15 September.
28	Paid the office secretarys monthly salary, RM1,200 cash.
30	Saleh withdrew RM2,000 for his personal use.

Question 1a

Show the effects of the transactions on the accounting equation as in the table below. Then, calculate the ending balance of each column and the total balance to prove Asset = Liability + Equity.

Date	Assets			Liabilities			Equity
Ending balance
Total

Question 1b

Prepare the journal entries to record all the above transactions

Question 1c

Prepare the trial balance as at 30 September 2021.

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