Question
Based on the documents provided by Ahmed, the following trial balanced is prepared: Sunshine Computer Sales and Services Trial balance as at 30 November 2020
Based on the documents provided by Ahmed, the following trial balanced is prepared:
Sunshine Computer Sales and Services
Trial balance as at 30 November 2020
Accounts | RM | RM |
Capital |
| 70,000 |
Motor vehicle | 45,000 |
|
Office Equipment | 15,000 |
|
Bank | 10,500 |
|
Petty Cash | 2,500 |
|
Sales |
| 164,500 |
Returns Inwards | 3,000 |
|
Purchases | 95,000 |
|
Returns Outwards |
| 5,000 |
Discount Allowed | 5,500 |
|
Insurance | 1,200 |
|
Petrol | 2,500 |
|
Salaries | 44,000 |
|
Stationeries supplies | 2,800 |
|
Telephone | 5,500 |
|
Upkeep of Motor Vehicle | 3,500 |
|
Water & Electricity | 3,500 |
|
TOTAL | 239,500 | 239,500 |
Required:
- Using the same business information above, CREATE a minimum of 30 business transactions for the month of December which MUST INCLUDE ALL of the followings:
- Credit and cash sales
- Credit and cash purchases
- Return outwards and return inwards
- Expenses
- Revenue [other than sales in (a)]
- Additional capital brought in
- Drawings
- Making loan and payment of interest loan
- Payment made to creditors/Suppliers
- Received cash/cheques from customers/debtors
- Purchase of additional asset (cash and credit)
- Record the transactions that you have created above in the appropriate books of original entry.
Post the journal entries to the T-accounts and calculate the account balances
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started