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Can u answer all Khalid established company which began its operation on 1 January 2021. The company seis Computer Stores (Serba Dinamik Sdn Bhd) and
Can u answer all
Khalid established company which began its operation on 1 January 2021. The company seis Computer Stores (Serba Dinamik Sdn Bhd) and is located in Bintulu, Sarawak. The transactions for the month of January January 1 11 13 15 Transaction Start a business with RM500,000 cash and RM250,000 vehicle Transferred RM400.000 cash into business bank account Paid office rent deposits RM10,000 in cash Bought office furniture RM30,000, computers RM8,000 and printers RM2,500 by cheque Bought inventories RM100,000 by credit from e- Mart Sdn Bhd Sold inventories by credit to Dian Sdn Bhd RM10.000 Sold inventories in cash to Mr Farid RM13,000 Received cheque RM5,000 from Dian Sdn Bhd Paid salaries RM10,000 by cheque and RM1,000 utility bills in cash, 17 22 25 28 30 You are required to: a) record all the transactions in journal, b) prepare a trial balance as at 31 January 2021. c) Head of the Accounting Department, Sorba Dinamik Sdn Bhd (Mr Farid), report the company land at its market value of RM500,000 instead of its cost of RM800,000.00 in the company accounting roports. For Mr Farid showing the land at this value will attract new investors next month. Explain the stakeholders for Serba Dinamik Sdn Bhd who will be affected from this ethical situation. 8 of 8Step by Step Solution
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