Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Jack established a tuition center on 1 October 2019 and completed the following transactions during October. Create journal, ledger, trial balance entries for the

image text in transcribed

4. Jack established a tuition center on 1 October 2019 and completed the following transactions during October. Create journal, ledger, trial balance entries for the transactions below: (23 Marks) III. I. Opened a business bank account with RM10,000 cash II. Bought office equipment for RM 3,000 by cash Purchase supplies on credit, RM1,850 IV. Received cash from tuition fees earned, RM14, 500 V. Paid utility expenses for the month RM 1,560 Miscellaneous expenses RM500 VII. Paid teachers and office salaries RM 8,000 VIII. The cost of the supplies use was RM 1,300 IX. Withdrew cash for personal use RM 1,500 VI

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

More Books

Students also viewed these Accounting questions

Question

Understanding Group Leadership Culture and Group Leadership

Answered: 1 week ago