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Below are the transactions of SKY Lamp Enterprise for the month of June 2021 June Transactions 1 Owner invested RM50,000 cash to start a business
Below are the transactions of SKY Lamp Enterprise for the month of June 2021 June Transactions 1 Owner invested RM50,000 cash to start a business and deposited the money into the business bank account at 80% and cash account at 20%. 3 The business purchased goods from Elk Sdn Bhd on credit amounting RM7,500 5 Bought an office equipment on credit from UMC Sdn Bhd worth RM2,000. 7 Bought a delivery van at cost of RM60,000 from EE Auto and paid a deposit of RM10,000 by cheque. The balance will be paid by monthly installments. 10 Sold goods to Alam Seri RM1,450 on credit. Received a trade discount RM1,350 from Elk Sdn Bhd. Received cheque from ABB Bhd RM2,500 being dividend for the year. Alam Seri returned goods worth RM800 due to wrong specifications. 22 Owner took cash RM200 from the business to repair the business delivery van. 26 Received RM2,500 cash for goods sold to Setia Sdn Bhd. 12 15 18 For each of the above transaction, you are required to prepare: 1. Journal entries (narrations are not required) (23 marks) a. b. 2. Ledgers for the following accounts Bank account Cash account c Capital account . Sales account e. Purchase account f. Office equipment dovo (18 marks) 3. Trial balance as at 30 June 2021 (9 marks)
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