Jan 1 Company borrow RM 10000 from bank in notable and annually interest is 6%

Jan 2 Company receive RM 4000 in cash

Jan 3 Prepaid rent of office RM 24000 annually

Jan 4 Paid RM 50 to Stars news for advertisement

Jan 5 Purchased office equipment for RM 2400 in credit

Jan 6 Paid RM 2000 for employee salaries monthly

Jan 7 Paid RM 250 for electricity bills

Jan 9 Enterprise participate in philanthropic activities

Jan 9 Equipment depreciation RM 1200 annually

Jan 11 Company has RM 1500 revenue from provide goods to the LB company

Jan 11 Purchase raw material RM 300 in cash

Jan 12 The company buy insurance of RM 600 annually for each employee.

Jan 13 Purchase RM 3600 to buy a machine in credit

Jan 15 The company decided to hold staff activities

Jan 16 Selling RM1000 shares to an investor

Jan 18 Provide RM 800 worth of service to customers in credit

Jan 18 The human resources department decides to recruit employees

Jan 19 Company hire some temporary workers and paid RM 500 in credit.

Jan 20 Paid RM 3000 to buy Chali company stock in credit.

Jan 21 The company donated 500 masks to the medical staff

Jan 22 Company spent RM1500 on credit to decorating office

Jan 25 The company spends 500 on customer surveys

Jan 26 The company decided to organize a staff party

Jan 28 Company paid RM 600 to develop own website in credit.

Jan 30 Company paid RM 10000 to bank in notable and paid interest RM 50.

ABC Enterprise Income Statement/Statement of profit or Loss For the year ended 31 December 2013 RM RM RM Revenues Sales X Less : Return inwards Net Sales X Less : Cost of Goods Sold Opening inventory Purchases Less: Return Outwards Net purchases XX Add: Carriage inwards Add: Insurance on Purchase Add: Duty of purchase Cost of goods purchased Cost of Goods available for sale XXX Less : Closing Inventory (x) Xx Gross Profit Xx Add : Other Revenues Discount received Commission received Rent received Interest on fixed deposit XX Less: Operating expenses Carriage outwards Discount allowed Printing and stationary Interest expense Salaries and wages Repair expense Electricity and water Rental expense (xx) Net Income/Loss