Answered step by step
Verified Expert Solution
Question
1 Approved Answer
+ Februa 2019 Transactions February 1 3 6 8 8 9 12 14 15 19 23 24 26 28 28 28 Helena borrowed RM150,000
+ Februa 2019 Transactions February 1 3 6 8 8 9 12 14 15 19 23 24 26 28 28 28 Helena borrowed RM150,000 from CIMB Bank. Interest payable on 1 of every month at 6% per annum, starting in the month of March 2019. Payment for monthly salary by cheque, RM6,000. settled the invoice dated 28 January 2019, by issuing a cheque. Receive first payment of RMIO,OOO by cheque from RK SdoBhd Accounting services stated for AJJ Sd08hd Purchased additional equipment costing, RM50,000 by issuing a cheque. Purchased stationery for cash RM2 000 Completed service to AJJ and the revenue recognised Secured an accounting service With TAR stating on 14 February fortwo weeks. Paid cash for petrol RM500 Stated consulting job for PB "J Bhd Stated consulting job for TAR Sd!' Bhd AJJ Sdohd requested YAP fora follow up job and agreed to pay a fee of RMIO,OOO for a week's service commencin 16 Februa Serviced motor vehicle RM520 cash Completed job for AJJ Sdohdand invoiced RMIO,OOO Petrol paid RM650 PB Sdo paid RM6 000 by cheque for an audit job performed from 12 to 25 February 2019. Cash paid for electricity RM500, water RMIOO. Stationery on hand is RM300. Completed job for RK and recognise the revenue. Completed job for TAR but an invoice has yet to be issued.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started