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1 Please give answer in Microsoft Excel format. Below were transactions for the month of March 2022 of ABC Enterprise: Mac 1 Started business with
1 Please give answer in Microsoft Excel format. Below were transactions for the month of March 2022 of ABC Enterprise: Mac 1 Started business with RM2,000 cash. 10 5 Purchased goods worth RM1,000 on credit. Sold goods worth RM800 on credit. 15 Bough furniture worth RM4,000 by cash. 20 Received bank transfer for RM800 from account receivable. 25 Cash sales of RM200. 31 Paid salary amounting to RM300 in cash. Required: (a) Analyse the effects of each transaction. (b) Journalise the above transactions. (c) Record the above transactions in the relevant accounts. (d) Prepare trial balance for ABC Enterprise as at 31 March 2022. Question 2 Below were transactions for the month of July 2020 for Mighty Moe Enterprise: Dates July 1 2 3. 4 6 Required: (a) 7 11 14 15 18 23 25 Transactions Started business with RM12,000 cash. Bought goods worth RM1,000 on credit from Shah. Paid rent amounting to RM200 in cash. Deposited RM11,000 of the business cash into the bank account. Sold goods worth RM600 on credit to Sofea. Bought stationery worth RM50 by cash. Cash sales of RM100. Returned goods worth RM150 to Shah. Sold goods worth RM1,200 on credit to Samad. Goods worth RM45 returned by Sofea. Paid RM850 to Shah by online banking. Purchased goods worth RM250 by cash. 28 Received a cheque for RM500 from Samad. Analyse the effects of each transaction. (b) Prepare journal entries for each of the transactions. 3900 (c) Record the above transactions into ledgers. (d) Prepare a trial balance as at 31 July 2020
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