Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

general journal , ledger and adjusted trial balance thanks Economic transaction for xxx 1. On 1 January, the company invested cash in business for RM30,000

general journal , ledger and adjusted trial balance image text in transcribed
thanks
Economic transaction for xxx 1. On 1 January, the company invested cash in business for RM30,000 2. XXX has purchased supplies on account for RM12,000 on 2 January 3. XXX paid RM250 for advertising expense on 8 March 4. XXX Received RM 1500 cash for services completed and delivered to Dian 5. Unearned rental of RM2500 has been earned 6. The equipment is being depreciated at RM200,000 for 60 months 7. The insurance policy is for 2 years 8. Utilities expense of RM300 are accured 9. Paid salary to employees for RM1,500 10. Withdrew RM2,000 for personal use 11. Purchase telephone RM1,200 cash for use in business 12. Purchase of packaging materials for RM800 13. Estimated Income taxes for the year is RM2,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linguistic Auditing

Authors: Nigel Reeves, Colin Wright

1st Edition

ISBN: 1853593281, 978-1853593284

More Books

Students also viewed these Accounting questions

Question

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

Describe the advantages of effective listening.

Answered: 1 week ago

Question

Prepare an employment application.

Answered: 1 week ago