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Mr Tan is the owner of Master IQ Bookstore Sdn Bhd. The transactions for the month of January 2020 are as follow: Date Jan 1
Mr Tan is the owner of Master IQ Bookstore Sdn Bhd. The transactions for the month of January 2020 are as follow: Date Jan 1 3 5 7 Transactions Mr Tan contributed RM100,000 cash into the business. Purchased good from Jenny RM20,000 on credit. Purchased machinery RM45,000 from Singer Sdn Bhd by cheque and received 5% trade discount Sold goods on credit to Kenneth for RM25,000. Paid water bill RM150 by cash. Returned goods RM5,000 to Jenny. Purchased stationary RM50 by cash. Owner withdrew RM300 from bank account for his personal use. Received commission RM100 from Brian Trading. Paid all debt by cheque to Jenny and received 5% cash discount. 9 13 15 17 21 25 REQUIRED: (a) Journalize (double entry) the above transactions of IQ Bookstore Sdn Bhd for the month of January 2020
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