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Date 1 Jan 5 Jan 10 Jan 11 Jan 13 Jan 16 Jan 30 Jan Transactions Owner started the business with RM30,000 for business bank
Date 1 Jan 5 Jan 10 Jan 11 Jan 13 Jan 16 Jan 30 Jan Transactions Owner started the business with RM30,000 for business bank account. Acquired new machine amounted RM30,000. The business paid a deposit amounted RM10,000 using business cheque and the balance RM20,000 was settled by using a loan from Bank Islam. Purchased goods on credit from Excel Sdn. Bhd. amounted RM6,000 Retumed goods amounted RM250 to Excel Sdn. Bhd. Sold goods on credit to Haq Niaga Sdn Bhd. RM4,000. Paid RM500 to Excel Sdn. Bhd using business cheque. Owner took goods worth RM100 and cash RM50 for personal use. Required: Prepare the tabular analysis, using the following column headings; Asset (A), Liability (L). Owner Equity (OE), Expense (E) and Revenue (R), to show the effects of the transactions. Please show the total balancing amount. Eg: Paid water bill RM20 by cash. ASSETS EXPENSES LIABILITY OWNERS REVENUE (A) (E) (L) EQUITY (R) (OE) - Cash RM20 Utility expenses RM20
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