EXERCISE 2 Azrel Aiman opens his own company, Electronic Tutorial Services and completes the following transactions in May 2018: Date May 1 1 3 4 6 Transactions The following assets were received from Azrel Aiman: cash, RM12,950; account receivable, RM2,800; supplies, RM1,500; and office equipment, RM18,750. There were no liabilities received. Azrel invests RM12,000 into the business. Purchased RM1,800 of equipment on account. Paid RM360 premium for a two-year insurance policy. Purchased office supplies for cash, RM300. Purchased a new computer for RM7,500. Paid RM1,500 cash agreed to pay the remainder in 30 days. Billed student Aizat RM40 for tutorial services that were performed. Paid for the equipment purchased on May 3rd. Received RM35 cash from student Qayyum for tutorial services performed. Student billed on May 10 pays the amount due to Azrel. Azrel withdraws RM500 for personal use. 9 10 14 25 28 31 Based on the above transactions, you are required to: (a) Prepare journal entries for each transaction (b) Prepare ledger (T-Account) for each transaction. (c) Post (transfer) all balances from ledger to Unadjusted Trial Balance