Mastura has just started her printing business, MAS CETAK ENTERPRISE in October 202 The following transactions occurred in the first month of the business operation: May Transactions 1 Mastura invests RM105,000 cash to start the business. Purchased three pieces of equipment for RM135,000, paying RM45,000 cash and signing a 5-year, 10% note for the remainder. Purchased RM7,500 supplies on credit. Received cash amounted to RM4,500 for services performed. 15 Paid RM750 cash for radio advertising. 17 Paid RM1.00 on account for supplies purchased 3rd May. 2.

Mastura has just started her printing business, MAS CETAK ENTERPRISE in October 202 The following transactions occurred in the first month of the business operation: May Transactions 1 Mastura invests RM105,000 cash to start the business. Purchased three pieces of equipment for RM135,000, paying RM45,000 cash and signing a 5-year, 10% note for the remainder. Purchased RM7,500 supplies on credit. Received cash amounted to RM4,500 for services performed. 15 Paid RM750 cash for radio advertising. 17 Paid RM1.00 on account for supplies purchased 3rd May. 2.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 33P

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