Mr Hafiz wants to open his own business. His business name is Hafiz Bakery Shop and started 1 January 2018. The business he wants to open is a bakery shop with a capital of RM 50,000. He sales many types of bakery and cake with reasonable price and his business using ringgit Malaysia (RM). Mr Hafiz’s bakery has opened in the centre of Malacca City. The location is strategically located close to the university, government and private offices and also the City of Malacca is a tourist town. Mr Hafiz had 4 employees at the beginning of the store and he thinks his business wiil continue to grow for a long time. Mr Hafiz has many clients and his regular clients are also locals and foreigners living around the areas.

According to Patrick Gleeson (2019), a business transaction is an event involving an interchange of goods, money or services between two or more parties. The transaction can be as brief as a cash purchase or as long-lasting as a service contract extending over years.

JANUARY	DETAILS	JOURNAL
1	Mr Hafiz, the owner brought in RM 50,000 in cash (OR590)	Cash receipt journal
2	Company purchased second hand van worth RM 12,000 on credit from Diane Automobile.	General journal
4	Issued invoice to Kedai Lyana amounting RM 2,000 (invoice no. A222)	Sales journal
5	Kedai Pak Mat buy goods worth RM 500 on credit (invoice no. A223)	Sales journal
7	Sold goods to Salmah on credit RM 700 (invoice no. A224)	Sales journal
8	The business purchased some goods from ABC Company Sdn Bhd amounting RM 10,000 on credit (invoice no. A1111).	Purchase journal
9	Purchase flour from Bunga Matahari Enterprise amounting RM 4,000 on credit (invoice no. A2222).	Purchase journal
10	Purchased stocks worth RM 2,500 on credit from Lok Heng Sdn Bhd (invoice no. A3333).	Purchase journal
11	Kedai Bonda buy goods worth RM 200 by cash (OR591)	Cash receipt journal
12	Received a cheque from Kedai Lyana for the amount RM 2,000 (OR592)	Cash receipt journal
13	Kedai Pak Mat paid RM 400 and receive cash discount of RM 100 (OR593)	Cash receipt journal
14	Rental received by cash RM 1,000 (OR594).	Cash receipt journal
15	The business took a loan from SMM Bank worth RM 30,000 (OR595)	Cash receipt journal

16	Kedai Bonda returned 5 packets of breads worth RM 50, due to some packaging defect (credit note no. A221).	Return inwards journal
17	Some of damaged goods worth RM 400 were returned to Bunga Matahari Enterprise (D234).	Return outwards journal
18	Purchase furniture worth RM 5,000 by cash from Kamal Equipment (Pv no. PV123).	Cash payment journal
19	Paid RM 3,500 to Bunga Matahari Enterprise using cash and receive cash discount RM 100 (Pv no. PV124).	Cash payment journal
20	The business purchased computer worth RM 4,000 from Ahmad Trading on credit.	General journal
22	Paid RM 9,900 to ABC Company Sdn Bhd using cash and entitle to receive cash discount RM 100 (Pv no. PV125).	Cash payment journal
24	Owner took goods amounting RM 150 for his personal use.	General journal
25	Paid advertising expenses RM 150 by cheque (Pv no. PV126)	Cash payment journal
27	Owner took cash for his personal use RM 500 (Pv no. PV127).	Cash payment journal
28	Purchase bread machine from Aishah Equipment amount RM 2,500 and paid by cash (Pv no. PV128).	Cash payment journal

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