Question

Transaction : Rebecca Adversting Company 1-Oct Made adversting for Lily's Media Company RM5000 on credit 2-Oct...

Transaction :
Rebecca Adversting Company

1-Oct Made adversting for Lily's Media Company RM5000 on credit

2-Oct Paid RM680 to buy to untilties

3-Oct Received RM5000 from Lily's Media Company on Oct1

4-Oct Wash and dry 15 pers of workers clothes in Suift Laundry Spent RM150

6-Oct We made high way board Advertising for Paragon Company forms RM1000

6-Oct The company received RM500 from Paragon and it bills the balance of RM500 on account will pay in November 2nd

8-Oct Rebecca made 15 pers of uniforms from Madidas paid RM1500 by cash

9-Oct The company made adversting and planning for Madidas company received RM1000

11-Oct We used delivery for transport pepar from Eastwind Delivery Company RM200

12-Oct The company used delivery for transport billboard from Eastwind Delivery Company RM5000 on credit

13-Oct The company fixed the machine paid RM2000 by cash

15-Oct The company paid RM5000 on Oct12

17-Oct The company from RM2000 of services for customers.Received cash RM1000 from customer and the balance note payable

19-Oct The company received RM2500 from customer service

21-Oct Rebecca paid RM25000 for house rent fee

24-Oct Rebecca buy a computer for her friend's birthday spent RM3000

26-Oct The company purchased Equipment spent RM7000

27-Oct The company paid salaries for customer RM3800 by cash

29-Oct Rebecca bought make up for her sister from Pala Company RM500 by cash

31-Oct The company received RM450 from customer services

31-Oct The company received RM200 from print books for students

please finish :
1.Adjusted Trial Balance

2.Financial Statement

3.Closing Entries

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Answer #1

Date laccount Debit RM Credit RM 01-Oct Accounts Receivable 5000 Advertising Income 5000 02-Oct Utilities 680 Cash 680 03-Oct Cash 5000 Accounts Receivable 5000 04-Oct Staff welfare Cash 150 150 06-Oct Accounts Receivable 1000 Advertising Income 1000 06-Oct Cash 500 Accounts Receivable 500 08-Oct Uniform Expense 1500 Cash 1500 09-Oct Cash 1000 Advertising Income 1000 11-Oct Delivery Expense 200 Cash 200 5000 12-Oct Delivery Expense Accounts Payable 13-Oct Repair and Maint 5000 200 cash 200Date account Debit RM Credit RM 15-Oct Accounts Payable 5000 cash 17-Oct Cash 5000 1000 1000 Note Receivable Service RevenueAdjusted Trial Balance Income Statement Balance Sheet Debit (RM) Credit (RM) 36380 Assets Cash Accounts Receivable Equipment Note Receivable Utilities Drawing Advertising Income Printing Revenue Service Revenue Deli Rent Expense Repair and Maint Salaries Staff welfare Uniform Expense Total Advertising Income Printing Revenue Service Revenue Total Revenue Less: Expense Delivery Expense Rent Expense Repair and Maint Salaries Staff welfare Uniform Expense Total Expense Net Income/(Loss) 500 7000 1000 680 3500 7000 200 4950 12150 Accounts Receivable Equipment Note Receivable Utilities Total Assets 500 7000 1000 680 5200 25000 200 3800 150 1500 9180 7000 200 4950 Liabilities: Cash (OD) Total Liabilities 36380 36380 5200 25000 200 3800 150 1500 48530 y Expense 35850 23700 Equity: Owners Capital Drawin Total Liabilities and Equity 23700 3500 27200 9180 48530Closng Entries Debit-RM Credit-RM Accont Advertising Income Printing Revenue Service Revenue Income Summary (to close Revenue account) 7000 200 4950 12150 Income Summary Deliver Rent Expense Repair and Maint Salaries Staff welfare Uniform Expense (to Close Expense Account) 35850 5200 25000 200 3800 150 1500 y Expe 23700 Owners Capital Income Summary (to close income summary) 23700 Owners Capital Drawin (To close Drawing) 3500 3500

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