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b) State the double entry (debit/credit) for each of the following transactions. Transactions May 1 Started business with cash at bank amounted RM18,000 3 Paid
b) State the double entry (debit/credit) for each of the following transactions. Transactions May 1 Started business with cash at bank amounted RM18,000 3 Paid office rental RM1,800 by cheque. 5 Purchase office equipment by cheque RM1,700 10 Provide services worth RM3,000 on credit to Meta Bhd. 15 Withdraw cash at bank for personal use RM450 Debit 18 Provide services and RM2,200. received cheque Credit 20 Paid water bill by cash RM60 24 Add additional investment into the business in cash RM3,000 27 Paid salary by cheque RM24,000 31 Received cash from Meta Bhd RM500 c) Following are the transactions for Bunga Raya Island Resort for the month of July 2021. July 1 Started business with cash at bank RM525,000. Required 3 Paid insurance by cheque RM15,000 10 Provide services to Jasmine Berhad and received cash RM50,000. 25 Provide services to Lilac Enterprise on credit worth RM45,000. 30 Paid workers salary by cheque RM200,000 Prepare journal entries for the above transactions
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