a) Diana started her business on 1 July 2021. transactions during July 2021 were as follows: Date Particulars Commenced business with capital of RM50,000 cash 2 Bought RM300 fixtures and fittings for the shop by cash 3 Purchased goods for resale, RM3,000 on credit from Kembang Trading 15 Goods of RM3,600 sold on credit to Norin 30 Paid RM500 wages for shop assistant by cash 31 RM200 cash taken by Diana for her private use REQUIRED: Record the double entries for all the above transactions. (Narrative is not required). The

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2. Transfer the journal entry into the general ledger and related subsidiary ledger 3. Prepare a Trial Balance on 31 Jan 2021

K Bryson Inc. collects cash from customers two ways: 1. Accrued Revenue. Some customers pay Bryson after Bryson has performed service for the customer. During 2020, Bryson made sales of $53,000 on account and later received cash of $45,000 on account from these customers. 2. Unearned Revenue. A few customers pay Bryson in advance, and Bryson later performs service for the customer. During 2020, Bryson collected $6,500 cash in advance and later earned $5,000 of this amount. Journalize the following for Bryson: a. Earning service revenue of $53,000 on account and then collecting $45,000 on account b. Receiving $6,500 in advance and then earning $5,000 as service revenue a. Journalize Bryson earning service revenue of $53,000 on account and then collecting $45,000 on account. Start by recording earning service revenue on account. (Record debits first, then credits. Explanations are not required.) Date 2020 Accounts Debit Credit