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Based on the documents provided by Jerry, the following trial balanced is prepared: Sunshine Computer Sales and Services Trial balance as at 30st November 2019
Based on the documents provided by Jerry, the following trial balanced is prepared:
Sunshine Computer Sales and Services
Trial balance as at 30st November 2019
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/debtorsk.
- Purchase of additional assets (cash and credit)
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