The following transactions are extracted from the accounting records of Transwell Services for the month...
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Accounting
The following transactions are extracted from the accounting records of Transwell Services for the month of October 2018: Oct. 1. The owner, Maria, invested RM50,000 cash and office equipment worth RM5,000 into the business. 2. Paid RM6,000 rent for the next three months. 3. Paid for a one-year insurance policy, RM2,400. 5. Purchased office supplies of RM2,500 on credit. 6. Paid RM1,200 for promotion purposes. 10. Provided services for a client and received cash, RM2,800. 13. Provided services on credit for Else Enterprise, RM3,200. 17. Signed a contract with a client. Transwell Services agreed to provide services at a con- tract price of RM5,000. The work will start in October 2018, 24. Paid utility bills for the current month using the business's money; RM850 for Tran- swell Services and RM120 for Maria's house. 25. Received full payment from Else Enterprise. 26. Paid for the office supplies purchased on August 5. 28. Paid worker's salary for the current month, RM1,100. Instructions 1. Journalize the above transactions. 2. Prepare the unadjusted trial balance for the business as of August 31, 2018
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