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 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 Transactions
1 April Purchased office equipment of RM14,000. 40% of the amount is purchased
on credit basis and the remaining balance is paid by cash.
1 April Accrued revenues of RM3,500 previously recorded to accounts receivable
were collected.
1 April Paid office rental in advance for RM4,500.
2 April Paid all accrued salaries for Mac 2021, RM3,000.
3 April Provided services amounting RM2,400 for the customer who made the
advance payment March 2021.
10 April Received RM6,500 in cash from a client for services rendered in April 2021.
15 April 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:
Number Accounts RM
101 Office Equipment 14,000
111 Accumulated Depreciation-Equipment 0
201 Cash 17,170
202 Account Receivables 1,500
203 Prepaid Rent 4,500
204 Supplies 2,000
301 Account Payable 5,600
302 Salaries Payable 0
303 Unearned Services Revenue 1,000
401 Capital 24,500
501 Fees Earned 8,900
601 Rent Expenses 0
602 Utilities Expenses 830
603 Salaries Expenses 0
604 Depreciation Expenses 0
Mr. Ali told Miss Maria that a few adjusting entries should be made to make sure that the
information provided by the financial statements is considered relevant and faithful
representation. So, he asked Miss Maria to prepare the adjusting entries and the adjusted trial
balance. 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 of
8 years respectively with RM2,000 scrap value.
2. The amount paid for rental on 1 April represents the cost of three-months rental
agreement covering the period from 1 April 2021 to 30 June 2021.
3. Salaries accrued at the end of period is RM4,200.
4. Supplies count on 30 April 2021 shows that RM1,200 is on hand.
After completing the process of journalizing the adjusting entries, Miss Maria is required to
prepare the adjusted trial balance as well as the financial statements. Mr. Ali hopes that he can
evaluate 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 of
April 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 should
be made to make sure that the information provided by the financial statements is
considered relevant and faithful representation”, briefly explain ONE (1) implication
of omitting the adjusting entries at the end of accounting period.

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 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 Transactions
1 April Purchased office equipment of RM14,000. 40% of the amount is purchased
on credit basis and the remaining balance is paid by cash.
1 April Accrued revenues of RM3,500 previously recorded to accounts receivable
were collected.
1 April Paid office rental in advance for RM4,500.
2 April Paid all accrued salaries for Mac 2021, RM3,000.
3 April Provided services amounting RM2,400 for the customer who made the
advance payment March 2021.
10 April Received RM6,500 in cash from a client for services rendered in April 2021.
15 April 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:
Number Accounts RM
101 Office Equipment 14,000
111 Accumulated Depreciation-Equipment 0
201 Cash 17,170
202 Account Receivables 1,500
203 Prepaid Rent 4,500
204 Supplies 2,000
301 Account Payable 5,600
302 Salaries Payable 0
303 Unearned Services Revenue 1,000
401 Capital 24,500
501 Fees Earned 8,900
601 Rent Expenses 0
602 Utilities Expenses 830
603 Salaries Expenses 0
604 Depreciation Expenses 0

605 Supplies Expenses 0
Mr. Ali told Miss Maria that a few adjusting entries should be made to make sure that the
information provided by the financial statements is considered relevant and faithful
representation. So, he asked Miss Maria to prepare the adjusting entries and the adjusted trial
balance. 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 of
8 years respectively with RM2,000 scrap value.
2. The amount paid for rental on 1 April represents the cost of three-months rental
agreement covering the period from 1 April 2021 to 30 June 2021.
3. Salaries accrued at the end of period is RM4,200.
4. Supplies count on 30 April 2021 shows that RM1,200 is on hand.
After completing the process of journalizing the adjusting entries, Miss Maria is required to
prepare the adjusted trial balance as well as the financial statements. Mr. Ali hopes that he can
evaluate 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 of
April 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 should
be made to make sure that the information provided by the financial statements is
considered relevant and faithful representation”, briefly explain ONE (1) implication
of omitting the adjusting entries at the end of accounting period.