Question
Make a statement of financial position based on the following information: 2020 June 1Started in business with RM65,000 in the bank and RM5,000 cash. June
Make a statement of financial position based on the following information:
2020
June 1Started in business with RM65,000 in the bank and RM5,000 cash.
June 2Bought cars on credit from the following: James RM10,000; Adam RM5,000; JacksonRM15,500.
June 3Bought goods on cash from sun car enterprise RM720.
June 5Paid rent by cash RM2,000.
June 7Bought goods on cash from sun car enterprise RM720.
June 8.Ben bought a car on credit RM 60,000
June 10Cash sales RM4,000.
June 11Sold car on credit to Chris for RM30,000.
June 14Ryan bought a car RM45,000 by cheque.
June 15Bought a goods on credit from Jack RM320 ; John RM 340.
June 16Bought a car paying by cheque RM4,100.
June 18Paid wages in cash RM 300.
June 19We return goods to John RM 300.
June 20Sold car on credit to Wendy RM20,000.
June 22Received a loan of RM2,000 from Ella by cheque .
June 23Sold a car on credit to Jack RM 7,000.
June 24Repaid part of Ella's loan by cheque RM500.
June 25Repaid part of Ella's loan by cash RM250.
June 27Bought a car by cheque RM6,200.
June 30The proprietor took cash for his own personal use RM20,000
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Introduction To Management Accounting A User Perspective
Authors: Michael L Werner, Kumen H Jones
2nd Edition
0130327506, 9780130327505
