You are required to prepare a written report for the following tasks: Transactions for the month of January of Joy Delights Café are given as the following. 2021 Started in business with RM105,000 cash Put RM90,000 of the cash into a bank account Bought goods for cash RM5,500 Bought goods on credit from: Eddy RMS00; Franky RM930; Smith RM160; Liew RMS10 Bought stationery on credit from Buttons Ltd RM89 Sold goods on credit to: Tomy RM170; Eric RM240; Malcom RM326; Tim RM204. Paid rent by cheque RM220 Bought fixtures on credit from Chiefs Bhd RM610. Paid salaries in cash RM790. Returned goods to Franky RM30; Smith RM42. Bought van by cheque RM6,500. 16 Jan 2. 3 4. 10 11 14 15 Received loan from Barclay by cheque RM2,000. Purchases returm: Tomy RM5; Mfalcom RM20. Cash sales RM145 19 21 Sold goods on credit to Eric RM130, Tim RM410; Paul RM15S. Bavilink paid the following by cheque: Franky RM900: Smith RM118. Received cheques from Paul RM158; Eric RM370. Received a further loan from Barclay by cash RM500. 24 26 29 30 Received RM614 cash from Tim. 30 (a) Record the transactions above showing the closing balances for each account
You are required to prepare a written report for the following tasks: Transactions for the month of January of Joy Delights Café are given as the following. 2021 Started in business with RM105,000 cash Put RM90,000 of the cash into a bank account Bought goods for cash RM5,500 Bought goods on credit from: Eddy RMS00; Franky RM930; Smith RM160; Liew RMS10 Bought stationery on credit from Buttons Ltd RM89 Sold goods on credit to: Tomy RM170; Eric RM240; Malcom RM326; Tim RM204. Paid rent by cheque RM220 Bought fixtures on credit from Chiefs Bhd RM610. Paid salaries in cash RM790. Returned goods to Franky RM30; Smith RM42. Bought van by cheque RM6,500. 16 Jan 2. 3 4. 10 11 14 15 Received loan from Barclay by cheque RM2,000. Purchases returm: Tomy RM5; Mfalcom RM20. Cash sales RM145 19 21 Sold goods on credit to Eric RM130, Tim RM410; Paul RM15S. Bavilink paid the following by cheque: Franky RM900: Smith RM118. Received cheques from Paul RM158; Eric RM370. Received a further loan from Barclay by cash RM500. 24 26 29 30 Received RM614 cash from Tim. 30 (a) Record the transactions above showing the closing balances for each account
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section: Chapter Questions
Problem 1MP
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