Business transaction in December 2019

Dec

2. Additional capital brought in by Ahmed RM40,000.

3. Cash purchases of RM35,000.

4. Cash sales RM25,000.

5. Credit sales to Edward RM40,000 on 5 December on 2/10, n/30 terms.

6. Credit purchases from JM Corporation for RM25,000 on 3/10, n/30 terms.

6. Return inwards from Edward of RM6,000 due to damaged goods.

7. Cash sales RM50,000.

8. Cash sales RM60,000.

8. Payment received from Edward in full settlement.

8. Return outwards to JM Corporation for RM8,000.

10. Payment made to JM Corporation in full settlement.

14. Received interest income of RM30,000.

15. Incurred petrol expense of RM1500.

15. Took loan from bank of RM20,000 at 12% per annum payable monthly.

16. Incurred insurance expense of RM1200.

16. Ahmed withdraw RM6000 for personal expense.

18. Stationery supplies received amounting to RM3000.

20. Purchase furniture with cash RM2500 having a useful life of 10 years.

20. Purchase office equipment on credit for RM5000 having a useful life of 5 years.

21. Incurred expense of Upkeep of Motor Vehicle RM1000.

22. Cash sales of RM25,000.

24. Credit sales to Sam for RM50,000.

25. Received water and electricity bill RM3500.

26. Incurred maintenance expense of RM500.

26. Ahmed bring additional capital of RM10,000.

27. Purchase office supplies of RM2000.

27. Depreciation on furniture and office equipment recorded.

28. Internet charges RM654 paid in cash.

29. Deposited RM10,000 in bank.

29. Incurred salaries expense of RM30,000 which only 50% has been paid.

Record the transactions in the journal entry.