Can you help me with the questions below :

QUESTION 1 IHouse Corporation engages in the real estate business. The Company eams income from the collection of real estate commission. The followings are the business transactions for the month ended 31 January 2021: 1. The company issues ordinaryr shares in exchange for RM25.000 cash. 2. Purchased RM400 of supplies on credit. 3. Purchased equipment for RM10.000. paid RM10.000 in cash. 4. Real state commissions billed to cli-ts amount to RM4.000. 5. Paid RM700 in cash for the current month's rent. 6. Paid Rl'v00 cash on account for supplies purchased in transaction 2. '1'. Received a bill for Ill-.1600 for advertising for the current month. 3. Paid Rl'v.200 cash for salaries. 9. The company paid dividends ofRM 1.200 from bank account. 10. Received a check for RM3.000 'om a client in payment on account for commissions billed in transaction 4. Req aired: {a} Prepare journal entries for the following business transactions in general journal form. You mayr omit the date and explanations of the transactions. [20 marks) {b} Using your answer in part (a), prepare the: i] Cash ledgerI assuming that the debit balance on 1 January 2021 is RM500. ii) Bank ledger, assuming that the debit balance on 1 January 2021 is RM15,000. iii] Account payable ledger, assuming the credit balance on 1 January 2021 is \"30.000. {15 marks) PART B Wow Corporation initiated operations on 1 July 2020. The Company engages in the water park business. To manage the company, officers and managers have requested monthly financial statements starting 31 July 2020. The adjusted trial balance amounts as at 31 July 2020 are shown below. Debits Credits Cash RM 8, 180 Accumulated Depreciation - Equipment RM 1,340 Accounts Receivable 810 Notes Payable 6,300 Prepaid Rent 865 Accounts Payable 1,140 Supplies 1,660 Salaries and Wages Payable 360 Equipment 11,400 Interest Payable 40 Dividends 500 Unearned Ticket Revenue 580 Salaries and Wages Expense 7,145 Share Capital-Ordinary 5,000 Rent Expense 1,740 Retained Earnings 5.640 Depreciation Expense 665 Ticket Revenue 12.635 Supplies Expense 190 Sales Revenue 655 Internet Expense 190 Total credits RM 33.690 Electricity Expense 200 Interest Expense 45 Total debits RM 33.690 Continued... ASMN 1/2 BAC1064 Accounting for Decision Making Midterm Exam (a) Prepare the statement of profit or loss for the month ended 31 July 2020. (9 marks) (b) Prepare the statement of retained earnings as at 31 July 2020. (4 marks) (c) Prepare the statement of financial position as at 31 July 2020 for Wow Corporation. (13 marks)QUESTION 2 PART A Selected financial statement data for Moon Corporation are presented below. 31 December 2020 31 December 2019 RM RM Inventories 85.000 65.000 Accounts receivable (net) 100.000 80.000 Short-term investments 25,000 18,000 Cash 20.000 30.000 Total current liabilities 100.000 90.000 During year 2020, net sales were RM810,000, and cost of goods sold was RM615,000. Required: Compute the following ratios at 31 December 2020: (a) Current ratio. (b) Acid-test test ratio. (c) Accounts receivable turnover. (d) Inventory turnover ratio. (e) Inventory turnover in days. (15 marks)PART B Blue Lab Berhad engages in the business of manufacturing wall shelf. The following costs associated with manufacturing and selling the wall shelf: 1) The cost of purchasing woods is RM20 for every unit of wall shelf. 2) Labor costs required to build a wall shelf are RM16 per shelf. 3) Depreciation on the factory machineries used to make the wall shelves is RM50,000 per year. 4) Property taxes on the factory building used to make the wall shelves are RM12,000 per year. 5) Advertising costs for the wall shelves total RM5,000 per month or RM60,000 per year. 6) Sales commissions related to a wall shelf sold are RM8 per wall shelf. 7) Salaries for factory maintenance staff are RM56,000. 8) The salary of the plant manager in charge of wall shelves is RM140,000. 9) The shipping cost is RM24 per wall shelf sold. Required: Compute the total manufacturing costs if Blue Lab Berhad plans to produce 10,000 wall shelves. (24 marks)