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Mr. Hadiff is the owner of Clean N' Clear Sdn Bhd, a self-service laundry company at Varsity Mall, University Utara Malaysia. Student response to the
Mr. Hadiff is the owner of Clean N' Clear Sdn Bhd, a self-service laundry company at Varsity Mall, University Utara Malaysia. Student response to the laundry service is very encouraging. To further expand his business, Mr. Hadiff has added capital and laundry equipment. Below is a list of transactions that took place throughout the month of September 2022. September 2025 1 Mr. Hadiff added capital to his business in the form of cash RM125,000 and laundry equipment RM150,000. 2 Purchased laundry equipment on credit, RM60,000. 3 The company bought a van costing RM80,000. The company pays a 10% cash deposit, while the balance is paid using bank financing for 7 years. 16 Collected laundry proceeds of RM18,000. 20 Paying 40% of the laundry equipment debt purchased on September 2, 2022. 27 Paying in cash employees' wages, laundry supplies and utility bills, respectively RM12,000, RM5,000 and RM11,000. 29 Make the first payment of RM1,000 to the bank for the van to be purchased on 3 September 2022. 30 Mr. Hadiff took RM2,000 in cash from the company account for personal use. Additional information: Cash account balance on 1 September 2022 is RM35,000. REQUIRED: (a) Prepare journal entries for transactions throughout the month of September 2022 (Explanation not required). (22 Marks) (b) Prepare a Cash Account and determine the balance at the end of September 2022. Use the format below
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