FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Market Efficiency
Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…
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Brought down assets worth $5000 consists $1000 cash , $3000 of machine that depreciate RM41.67 per month and $1000 inventory (consist of 100 pcs of bun and cookies) May Bought oven and mixer for business use by cash with $640 and $420 each Bought a set of tray for business uses for $420 by cash Bought a set of sticker for business use for $458 by online banking Bought a set of jar for business use for $630 by cash Bought cookies ingredients for $23 by cash Bought bun ingredients for $42 by cash Paid facebook ads $50 using online banking Paid an instafamous to do a story review $10 by online banking. Sold cookies for $100 online banking. Cost of the cookies is $50 Sold bun $90 online banking. Cost of the buns is $30 Bought cookies ingredients for $27 by cash Bought buns ingredients for $23 by cash Sold cookies for $100 online banking. Cost of the cookies is $50 Sold bun $90 online banking Paid internet bills $100 by online banking Bought parcel bag $20 and bubble wrap $50 for parcel packaging Withdrew $200 cash to pay for his brother medical bills Paid wages to staff $150 by cash Paid rent for a booth event at mall by $50 online banking Bought cookies ingredients for $100 by cash. Sold cookies for $700 by online banking. Cost of the cookies is $350 1 1 1 2 3 7 7 9 10 13 17 19 24 27 29 30 Journalise and post to ledger May transactions Prepare the trial balance end in May
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Transcribed Image Text:Brought down assets worth $5000 consists $1000 cash , $3000 of machine that depreciate RM41.67 per month and $1000 inventory (consist of 100 pcs of bun and cookies) May Bought oven and mixer for business use by cash with $640 and $420 each Bought a set of tray for business uses for $420 by cash Bought a set of sticker for business use for $458 by online banking Bought a set of jar for business use for $630 by cash Bought cookies ingredients for $23 by cash Bought bun ingredients for $42 by cash Paid facebook ads $50 using online banking Paid an instafamous to do a story review $10 by online banking. Sold cookies for $100 online banking. Cost of the cookies is $50 Sold bun $90 online banking. Cost of the buns is $30 Bought cookies ingredients for $27 by cash Bought buns ingredients for $23 by cash Sold cookies for $100 online banking. Cost of the cookies is $50 Sold bun $90 online banking Paid internet bills $100 by online banking Bought parcel bag $20 and bubble wrap $50 for parcel packaging Withdrew $200 cash to pay for his brother medical bills Paid wages to staff $150 by cash Paid rent for a booth event at mall by $50 online banking Bought cookies ingredients for $100 by cash. Sold cookies for $700 by online banking. Cost of the cookies is $350 1 1 1 2 3 7 7 9 10 13 17 19 24 27 29 30 Journalise and post to ledger May transactions Prepare the trial balance end in May
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