Question
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25 | Withdrawn RM1,500 from bank for personal used.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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