DFA ANANCIAL ACCOUNTING 11 NOVEMBER 2021 QUESTION Part A a weck. Glam Bridal Company, a wedding planner company, commences their business operation as of 1 January 2020. Throughout the month of January 2021, several transactions occurred as below. Jan 1 Dato Rie, the owner of Glam Bridal Company, invested additional RM25,000 in the business. 4 Purchases of wedding supplies from Ms. Aleeza RM2,000 on account, 5 Wedding equipment was purchased at a cost of RM12,000; a three-month, 12% note payable was signed for this amount. 8 Received RM7,000 from Naelofar for wedding services rendered during the Dato' Rie agreed to hire Cinderella as an assistant. He will be paid at the rate 10 of RM4,000 monthly, receiving RM2,000 on the 15th and 30th of each month. She will begin work on January 16. 14 Paid RM1,200 cash to the Harian Metro for advertisements run this past week. 16 Cinderella began work the salary of RM4,000. 19 Paid RM2,000 in cash to Feezy Company for January rent, 25 Office supplies were purchased on account at a cost of RM1,000 from Suria Company. These supplies will be used during February 26 Paid RM2,400 for insurance policy in the next 2 years by cash. 27 Received RM3,000 from Fazura for wedding services to be rendered early in March 2021 28 Billed customers, Ms. Ella RM6,000 for services rendered but not collected during the month. 30 Dato' Rie withdrew RM1,000 cash for personal use. 30 Cinderella was paid RM2,000 cash for her salary. Required (a) (b) Prepare the journal entries to record the above transactions for the month of January 2021. (13 marks) Prepare the ledger for selected accounts below: i. "Cash account, assuming the beginning balance of the Cash account on January 2021 is RM10,500 (4.5 marks) Account Payable account, assuming the beginning balance of Account Payable is RM1,500. (15 marks) ii. NWMFH NDHS ZNNFJ/SYE Continued... INDIVIDUAL ASSKINMENT 1/7 DFA ANANCIAL ACCOUNTING 11 NOVEMBER 2021 QUESTION Part A a weck. Glam Bridal Company, a wedding planner company, commences their business operation as of 1 January 2020. Throughout the month of January 2021, several transactions occurred as below. Jan 1 Dato Rie, the owner of Glam Bridal Company, invested additional RM25,000 in the business. 4 Purchases of wedding supplies from Ms. Aleeza RM2,000 on account, 5 Wedding equipment was purchased at a cost of RM12,000; a three-month, 12% note payable was signed for this amount. 8 Received RM7,000 from Naelofar for wedding services rendered during the Dato' Rie agreed to hire Cinderella as an assistant. He will be paid at the rate 10 of RM4,000 monthly, receiving RM2,000 on the 15th and 30th of each month. She will begin work on January 16. 14 Paid RM1,200 cash to the Harian Metro for advertisements run this past week. 16 Cinderella began work the salary of RM4,000. 19 Paid RM2,000 in cash to Feezy Company for January rent, 25 Office supplies were purchased on account at a cost of RM1,000 from Suria Company. These supplies will be used during February 26 Paid RM2,400 for insurance policy in the next 2 years by cash. 27 Received RM3,000 from Fazura for wedding services to be rendered early in March 2021 28 Billed customers, Ms. Ella RM6,000 for services rendered but not collected during the month. 30 Dato' Rie withdrew RM1,000 cash for personal use. 30 Cinderella was paid RM2,000 cash for her salary. Required (a) (b) Prepare the journal entries to record the above transactions for the month of January 2021. (13 marks) Prepare the ledger for selected accounts below: i. "Cash account, assuming the beginning balance of the Cash account on January 2021 is RM10,500 (4.5 marks) Account Payable account, assuming the beginning balance of Account Payable is RM1,500. (15 marks) ii. NWMFH NDHS ZNNFJ/SYE Continued... INDIVIDUAL ASSKINMENT 1/7
