Ameena Enterprise is a business management service founded by Madam Ameena in 2019.Mr. Ali is an accountant responsible for preparing the financial statements for AmeenaEnterprise. Miss Maria has been appointed as new account clerk at Ameena Enterprise. Mr. Alihas several tasks planned to test Miss Maria's ability to work. Firstly, he asked Miss Maria toprepare the journal entries to record the transactions of Ameena Enterprise for the month ofApril 2021. The following are the transactions that occurred in April 2021:TransactionsPurchased office equipment of RM14,000. 40% of the amount is purchasedon credit basis and the remaining balance is paid by cash.Accrued revenues of RM3,500 previously recorded to accounts receivablewere collected.Date1 AprilI April1 April2 April3 AprilPaid office rental in advance for RM4,500.Paid all accrued salaries for Mac 2021, RM3,000.Provided services amounting RM2,400 for the customer who made theadvance payment March 2021.10 April15 AprilReceived RM6,500 in cash from a client for services rendered in April 2021.Paid utilities expenses for the month of April 2021, amounting RM830.Mr. Ali is aware that the posting process will take time to complete. Since Mr. Ali himself haverecorded the above transactions in a journal and completed the posting process, therefore hecan simply extract all the account balances (before adjusting entries) from the ledger book ofAmeena Enterprise. Miss Maria is required to refer to that information in completing the nexttask including the preparation of an adjusted trial balance. The followings are the list ofaccounts with its balances (before adjusting entries) of Ameena Enterprise for the Month ofApril 2021:RMNumber Accounts101 Office Equipment111 Accumulated Depreciation-Equipment14,000201 Cash17,170202 Account Receivables1,500203 Prepaid Rent204 Supplies301 Account Payable302 Salaries Payable4,5002,0005,600303 Unearned Services Revenue1,000401 Capital501 Fees Earned601 Rent Expenses602 Utilities Expenses603 Salaries Expenses604 Depreciation Expenses24,5008,900830 605 Supplies ExpensesMr. Ali told Miss Maria that a few adjusting entries should be made to make sure that theinformation provided by the financial statements is considered relevant and faithfulrepresentation. So, he asked Miss Maria to prepare the adjusting entries and the adjusted trialbalance. The followings are the additional information needed for the adjusting entries:1.Depreciation for equipment is based on straight line depreciation basis over a period of8 years respectively with RM2,000 scrap value.The amount paid for rental on 1 April represents the cost of three-months rentalagreement covering the period from 1 April 2021 to 30 June 2021.Salaries accrued at the end of period is RM4,200.Supplies count on 30 April 2021 shows that RM1,200 is on hand.2.3.4.After completing the process of journalizing the adjusting entries, Miss Maria is required toprepare the adjusted trial balance as well as the financial statements. Mr. Ali hopes that he canevaluate Miss Maria's capability in completing the accounting process based on the task given.REQUIRED:Assuming that you are Miss Maria, answer the following questions:(a) Prepare journal entries for the month of April 2021. You may omit explanations.(b)Prepare adjusting entries for the month of April 2021. You may omit explanations.(c) Prepare an adjusted Trial balance for the month of April 2021.(d)Prepare Statement of Profit or Loss and Other Comprehensive Income for the month ofApril 2021.(e)Prepare Statement of Financial Position as at 30 April 2021.(f)Referring to the statement “Mr. Ali told Miss Maria that a few adjusting entries shouldbe made to make sure that the information provided by the financial statements isconsidered relevant and faithful representation", briefly explain ONE (1) implicationof omitting the adjusting entries at the end of accounting period.

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Ameena Enterprise is a business management service founded by Madam Ameena in 2019. Mr. Ali is an acountant responsible for preparing the financial statements for Ameena Enterprise. Miss Maria has been appointed as new account clerk at Ameena Enterprise. Mr. Ali has several tasks planned to test Miss Maria's ability to work. Firstly, he asked Miss Maria to prepare the journal entries to record the transactions of Ameena Enterprise for the month of April 2021. The following are the transactions that occurred in April 2021: Date I April Transactions Purchased office equipment of RM14,000, 40% of the amount is purchased on credit basis and the remaining balance is paid by cash. Accrued revenues of RM3,500 previously recorded to accounts receivable were collected. I April I April 2 April З Аpri Paid office rental in advance for RM4,500. Paid all accrued salaries for Mac 2021, RM3,000. Provided services amounting RM2,400 for the customer who made the advance payment March 2021. 10 April 15 April Received RM6,500 in cash from a client for services rendered in April 2021. Paid utilities expenses for the month of April 2021, amounting RM830. Mr. Ali is aware that the posting process will take time to complete. Since Mr. Ali himself have recorded the above transactions in a journal and completed the posting process, therefore he can simply extract all the account balances (before adjusting entries) from the ledger book of Ameena Enterprise. Miss Maria is required to refer to that information in completing the next task including the preparation of an adjusted trial balance. The followings are the list of accounts with its balances (before adjusting entries) of Ameena Enterprise for the Month of April 2021: RM Number Accounts 101 Office Equipment 111 Accumulated Depreciation-Equipment 201 Cash 202 Account Receivables 14,000 17,170 1,500 203 Prepaid Rent 204 Supplies 301 Account Payable 302 Salaries Payable 303 Unearned Services Revernue 4,500 2,000 5,600 1,000 24,500 401 Capital 501 Fees Earned 8,900 601 Rent Expenses 602 Utilities Expenses 603 Salaries Expenses 604 Depreciation Expenses 830