additional notes : the amount of SSM REGISTRATION AND FEES = RM 1,100 must be changed to SSM REGISTRATION AND FEES = RM 70

a) post the journal to the ledger

3 5 Ali is an accountant and would like to open a new business in order to gain some side income. He decides to start small and invest in a small clothing shop in the heart of Kuala Lumpur. To do so, he had to make a company and register it under SSM, he named the company DAIAS Collection. All started his business in December 2020. Below are the list of activities he has done in order to start and run his business- Date Activity 1 Ali had an initial Capital of RM20,000 for investment He took up a loan from Maybank of RM40,000 2 Rented a shop-lot unit for RM3,000 monthly Bought Shelves and Hangers for the shop - RM5,000 Bought Electrical Appliances as follows: - Cash Register for RM400 - Air conditioners for 2,400 - CCTV and monitor for RM1,500 - Mirrors and Chairs/Sofa for 9,000 SSM Registration & License fee - RM1,100 Paid for Signboard RM300 4 Paid for a one-year Insurance RM600 Purchased Stocks by Cash: - T Shirts for RM2,500 - Hoodies for RM3,000 - Jeans for RM4,900 - Shorts for RM4,300 - Caps for RM2,000 Marketing and Advertisement Fees - RM500 8 Total Sales by Cash RM380 Total Sales On Credit RM400 Total Sales By Cash 640 Withdrawal of Capital of RM5,000 for emergency use 12 Bulk Sale on Credit of RM3,800 13 Total Sales by Cash RM620 15 Total Sales By Cash RM490 Total Sales By Cash RM500 18 Repairs RM300 20 Total Sales by Cash RM730 Total Sales on Credit RM1,200 25 Purchased Additional Stocks for RM5,900 on Credit Paid Salaries for 2 Staff RM2,400 26 Total Sales by Cash RM570 Total Sales on Credit RM2,400 27 Marketing and Advertisement Fees RM500 28 Total Sales on Credit RM410 29 Paid Water and Electricity Bills RM540 30 Total Sales on Credit RM3,200 Paid for the purchase on 25 of December RM5,900 0 000 10 16 24