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Mr Farid is the owner of Tunik Sdn Bhd. The transactions for the month of January 2020 are as follows: Jan 1 Mr Farid started

Mr Farid is the owner of Tunik Sdn Bhd. The transactions for the month of January 2020 are as follows:

Jan

1

Mr Farid started business with RM150,000 by cash and banked in half of it into the business current account.

3

Purchased secondhand machine costing RM30,000 from Elux Machine Sdn Bhd. He paid 10% deposit by cheque and the balance paid by next month.

5

Purchased goods RM40,500 from Gold Swan Sdn Bhd on credit.

8

Sold goods RM25,000 to Az Muiz Trading on credit.

10

Paid utility bill RM1,200 by cash.

13

Az Muiz Trading returned goods to the business RM5,000.

19

Received commission from Kenanga Sdn Bhd RM3,250 by cheque.

21

Paid half of debt to Gold Swan Sdn Bhd by cash and received 5% discount

25

Withdrawn RM1,500 from bank for personal used.

REQUIRED:

Journalise the above transactions.

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