Question
Madam Halimah is the owner of Hally Laundry Services located in Alor Setar, Kedah. She started business on 1st November 2020 and the following transactions
Madam Halimah is the owner of Hally Laundry Services located in Alor Setar, Kedah. She started business on 1st November 2020 and the following transactions occurred during the month: Nov. 1 Madam Halimah started business with cash amounting to RM10,000 and laundry equipment worth RM2,000. 3 Rented a shop and paid rent for the month of November RM600. 9 Purchased laundry equipment on account, RM400. 15 The business provided laundry services to a customer and received cash RM1,000. 18 Purchased delivery vehicle for RM18,000, paid RM3,500 in cash and the remaining money is recorded as note payable to be paid in future. 22 Paid RM300 as part of the amount for laundry equipment purchased on 9 November. 24 Madam Halimah took cash for personal use, RM500. 27 Purchased laundry supplies for cash RM400. 29 Paid electricity bill, RM600. 30 Paid salary for November, RM3,000. 30 Paid cash, RM100 for laundry equipment maintenance expenses. 30 Paid laundry equipment purchased on 9 November. REQUIRED: (a) Journalise the transactions for November 2020 (Journal entry explanations ARE NOT required). (13 Marks) (b) Post to the ledger (Cash account only), extending the account balance to the balance columns after each posting. Use the following ledger format to record your answer.
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