accounting equation, journals and ledgers.

exercise 5 Ummu salamah started a new business on 1 January 2019. the following transaction took place during his first month in business. January 2019 (1) Ummu salamah bring in Rm25,000 cash and furniture RM5, 000 into the business. (1) bought goods rm1,000 with cash from ummu khadijah enterprises (2)bought goods on credit rm2,500 from Khalid Al-Walid and co (10)sold goods on credit to Ali bin Abu thalib for rm2,500 (23)sold goods on credit to uthman bin affan for rm1, 200 (24) Return goods rm250 to ummu khadijah enterprises. (25)bought goods for cash rm300 (26)Ali Bin Abu Thalib returned goods rm250 to the business because of goods defected. (27)goods sold for cash rm6, 300 (28)paid cash to Khalid Al-Walid and Co and the balance is considered as discount (31)Ali bin thalib paid the amount owing by himrm2, 2t0 and received the discount.

you're required to prepare the appropriate ledger account.

EXERCISE 6 August 2019

You are required to prepare the appropriate ledger account

(1) started a business with rm10, 000 cash. (2) paid rm9,000 of the opening cash into the bank (3) bought a used credit worths rm500 from Alyssya sdn.Bhd (4)bought a used motor van on credit from jaya motor And. Bad. amouted to rm15, 500 (5) bought goods for cash rm250 (6)sold goods on credit to Polaris enterprises amounted to rm360 (7)returned goods to alyssya sdn. Bud. rm100 (8)sold goods for cash rm640 (9)bought fixtures and fittinson credit from perabot maju enterprise worth rm1,050 (10)Tuan Haji ammar lent the business rm2, 500 paying the money by cheque (11) the business paid alyssya sdn.bhd.for full settlement by cheque (12) Haji sulaiman, the owner took goods from the business for his own use. you're required to enter the following in the account needed.

EXERCISE 7 tengku khalis, a sole trader started his business on 1 may 2019 under the name Khalis enterprise. the following is the transaction In July 2019

(1) He bought I'm cash rm50, 000 and used motor van valued at rm25, 000 for the business purpose (4) opened a business current account at CIMB and banked in rm45, 000 cash,. (5) purchased office supplies on credit rm550 for Ramadan sdn. bhd. (12) purchased office equipment for rm5,500 from huda enterprises , paying rm3, 000 in cash and assigned a 30 days note payable for rm2, 500 (14) paid office rent rm900 by cheque (20) paid rm200 cash on account for office supplies purched In transaction (21)Rm500 was paid I'm advance for advertising (22) paid rm3, 000 cash for office salaries and another rm200 is still owing (25)Tangku khalish withdraw rm1,000 cash for his own use (27)Received commision rm750 by cheque

journalise the following business transaction of tengku khalish in general form.

EXERCISE 8 write up the asset, capital and liability accounts In the books of Dora to record the following transaction.

December 2019 (1)Started the business with rm100,000 in the bank (2) bought motor vehicle paying by cheque rm45, 000 (5) bought office furniture rm1, 500 on credit from Qaseh utama (8)bought used motor vehicle on credit from motor trader Bhd. worth rm25, 000 (12)took rm3, 000 out of the bank put into the cash till. (15) bought office fixtures paying by cash 1,500 (19) paid motor trader Bhd. with a cheque as full settlement (20) A loan of rm5, 000 Cash is received from Ainul mardhiah enterprises (25) paid rm2, 500 of the cash in hand into the bank account (30)bought more office fixtures paying by cheque rm500