Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

May 2020 1 Nadrah started business with cash in hand which amounted to RM50,000 The owner transferred RM40,000 cash in hand into bank account

image text in transcribed

May 2020 1 Nadrah started business with cash in hand which amounted to RM50,000 The owner transferred RM40,000 cash in hand into bank account 2 3 6 11 The business purchased goods from SDELL Enterprise for RM15,000. The business purchased a computer RM1,500 by cheque for office use. Sold goods on credit to Syamsul RM9,800. 15 18 20 22 25 27 The business brought in personal motor vehicles for use in the business 15 amounting RM14,500. Nadrah sold goods by cash amounting RM5,230. Paid rental expenses amounting to RM1,400 by cash. Suzana took RM300 from the bank for personal use. Paid salaries to staff amounted to RM3,600. Received all payment from Syamsul, and banked in cash RM3,000. Required: a) Record the above transactions into the general journal. b) Post the transaction in (a) into appropriate ledger accounts and balance off all the accounts. c) Prepare a trial balance as at 31 May 2020.

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

Managerial Accounting

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

3rd edition

77826485, 978-0077722074, 77722078, 978-0077826482

More Books

Students also viewed these Accounting questions

Question

Prove Equation (5.22).

Answered: 1 week ago