Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 Cik Dini an owner of a stationery shop in Bandar Puncak Alam, just started her business. The following are transaction of DiniStations for the

3 Cik Dini an owner of a stationery shop in Bandar Puncak Alam, just started her business. The following are transaction of DiniStations for the month of April 2021. Date (Apr 2021) Transaction Started the business with capital contributed by the owner in cash of RM10,000 and bank RM40,000. Bought furniture RM 5,000 by cheque. 1 2 4 Bought goods on credit from the following persons; Muhammad RM2,000, Alam RM300 and Rose RM500. 6 9 10 10 18 20 22 Sold goods on credit to Kumar RM350. Bought goods on cash RM450. Kumar paid half of the amount owed to the business by cheque. The business paid full settlement for the amount owed to Muhammad by cash. Bought a lorry to be used in the business which cost RM100,000 on loan from EcoBank. Returned defect goods to Alam which worth RM50. Sold goods on cash RM600. 25 28 Paid the storekeeper his salary RM900 by cheque. Paid office rent RM 1,200 by cash. Required: a) Record the above transactions of DiniStations for the month of April 2021 in the relevant journal. (15 marks) b) Prepare ledger entries for the above transaction in the form of T accounts. (10 marks) c) Prepare trial balance as at 30th April 2021. (10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting A Decision Emphasis

Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell

4th Edition

0471637130, 978-0471637134

More Books

Students also viewed these Accounting questions