Date Oct 1 2 3 5 6 6 8 8 12 15 57 17 2222222222 24 Transactions Arianna open a woodworking company named Whittle & Wood with RM10,000 investment into bank She purchase an equipment for RM5,000 cash She purchased furniture and fittings for RM1,200 on credit Whittle & Wood purchased first inventory of RM3,000 from Rustic Roots on credit. Payment term n/60. Whittle & Wood advertise their service for RM500 paid later Cash sales of RM350 was recorded at end of day. Credit sales was made to Timber Artisans for RM2,800. Payment term 1/10 net 30. Cash sales of RM1,520 was recorded at end of day. Credit sales was made to Timber Tales for RM4,200. Payment term 1/10 net 30. Cash sales of RM2,350 was recorded at end of day. Return inwards from Timber Artisans due to damage. Sales amount was RM350. Cash sales of RM3,150 was recorded at end of day. Return outwards to Rustic Roots due to damage. Purchased amount was RM550. Cash sales of RM2,350 was recorded at end of day. Whittle & Wood pay Rustic Roots RM1,000 being partial payment for goods taken on 5 Oct. Whittle & Wood purchased new inventory on cash RM1,000. Cash sales of RM880 was recorded at end of day. Whittle & Wood received RM1,500 from Timber Artisans being partial payment for sales on 8 Oct Arianna withdraw RM1,000 from business for personal use Whittle & Wood pays the following: RM1,000 of rent, RM1,800 of staff wages and utilities RM220 Whittle & Wood pay the advertising invoiced earlier Prepare the following: (a) Journal Entries. (b) Post into ledger. (c) Prepare the Trial Balance.
Date Oct 1 2 3 5 6 6 8 8 12 15 57 17 2222222222 24 Transactions Arianna open a woodworking company named Whittle & Wood with RM10,000 investment into bank She purchase an equipment for RM5,000 cash She purchased furniture and fittings for RM1,200 on credit Whittle & Wood purchased first inventory of RM3,000 from Rustic Roots on credit. Payment term n/60. Whittle & Wood advertise their service for RM500 paid later Cash sales of RM350 was recorded at end of day. Credit sales was made to Timber Artisans for RM2,800. Payment term 1/10 net 30. Cash sales of RM1,520 was recorded at end of day. Credit sales was made to Timber Tales for RM4,200. Payment term 1/10 net 30. Cash sales of RM2,350 was recorded at end of day. Return inwards from Timber Artisans due to damage. Sales amount was RM350. Cash sales of RM3,150 was recorded at end of day. Return outwards to Rustic Roots due to damage. Purchased amount was RM550. Cash sales of RM2,350 was recorded at end of day. Whittle & Wood pay Rustic Roots RM1,000 being partial payment for goods taken on 5 Oct. Whittle & Wood purchased new inventory on cash RM1,000. Cash sales of RM880 was recorded at end of day. Whittle & Wood received RM1,500 from Timber Artisans being partial payment for sales on 8 Oct Arianna withdraw RM1,000 from business for personal use Whittle & Wood pays the following: RM1,000 of rent, RM1,800 of staff wages and utilities RM220 Whittle & Wood pay the advertising invoiced earlier Prepare the following: (a) Journal Entries. (b) Post into ledger. (c) Prepare the Trial Balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Date
Oct 1
2
3
5
6
6
8
8
12
15
57
17
2222222222
24
Transactions
Arianna open a woodworking company named Whittle & Wood with
RM10,000 investment into bank
She purchase an equipment for RM5,000 cash
She purchased furniture and fittings for RM1,200 on credit
Whittle & Wood purchased first inventory of RM3,000 from Rustic Roots on
credit. Payment term n/60.
Whittle & Wood advertise their service for RM500 paid later
Cash sales of RM350 was recorded at end of day.
Credit sales was made to Timber Artisans for RM2,800. Payment term 1/10 net
30.
Cash sales of RM1,520 was recorded at end of day.
Credit sales was made to Timber Tales for RM4,200. Payment term 1/10 net
30.
Cash sales of RM2,350 was recorded at end of day.
Return inwards from Timber Artisans due to damage. Sales amount was
RM350.
Cash sales of RM3,150 was recorded at end of day.
Return outwards to Rustic Roots due to damage. Purchased amount was
RM550.
Cash sales of RM2,350 was recorded at end of day.
Whittle & Wood pay Rustic Roots RM1,000 being partial payment for goods
taken on 5 Oct.
Whittle & Wood purchased new inventory on cash RM1,000.
Cash sales of RM880 was recorded at end of day.
Whittle & Wood received RM1,500 from Timber Artisans being partial
payment for sales on 8 Oct
Arianna withdraw RM1,000 from business for personal use
Whittle & Wood pays the following: RM1,000 of rent, RM1,800 of staff wages
and utilities RM220
Whittle & Wood pay the advertising invoiced earlier
Prepare the following:
(a) Journal Entries.
(b) Post into ledger.
(c) Prepare the Trial Balance.
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