Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi experts, Please help with Questions A and B. Thank you On 1st May 2020, Mr Hafizi started Gunawan Enterprise, following are the transactions record:

image text in transcribed

Hi experts, Please help with Questions A and B. Thank you

On 1st May 2020, Mr Hafizi started Gunawan Enterprise, following are the transactions record: May 2020 1 Started business with RM 20,000 in the bank 2 Purchased goods RM 1750 on credit from Mokhtar 3 Bought fixtures and fittings RM 1500 from Joe Trading on Credit 5 Sold goods for cash RM 2750 6 Bought goods on credit RM 1,140 from Suhaili 21 Let off part of the premises receiving rent by cheque RM500 23 Sold goods on credit to Rahayu for RM 770 24 Bought a motor van paying by cheque RM 3000 30 Paid wages by cheque RM 1170 31 The proprietor took cash for himself RM 440 Based on the information given: a) PREPARE the general journal entries of Gunawan Enterprise for May 2020. (10 marks) b) From your answer in (a), POST the entries to the ledger account. (20 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Management Accounting Text Problems And Cases

Authors: M Y Khan, P K Jain

6th Edition

125902668X, 978-1259026683

More Books

Students also viewed these Accounting questions