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3 b) The following information was obtained from the books of Sofi Launderette Enterprise, which offer a laundry service for July 2021. 2021 July 1
3 b) The following information was obtained from the books of Sofi Launderette Enterprise, which offer a laundry service for July 2021. 2021 July 1 Sofi, the owner, invested RM20,000 cash in into the business. 2 Paid RM1,000 cash for rental. Purchased washing machines and dryers amounting to RM25,000 paying RM10,000 in cash and the remaining balance by obtaining a loan from the bank Paid RM1.200 for a one-year accident insurance policy for his business. 20 Received a bill of RM200 from The Sunshine Times for advertising the opening of his launderette. 25 Withdrew RM700 cash to celebrate the successful opening of the business with his family. 30 Received the cash receipts of RM6.200 for laundry fees from the customers. 10 Required: 1) Prepare the general journal. ii) Post all the transactions into the ledger accounts. 111) Prepare the Trial Balance as at 31 July 2021. iv) Prepare Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 July 2021. v) Prepare the Statement of Financial Position as at 31 July 2021
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