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Mr.Y, a sole proprietor started his business, RXZ Enterprise on 1 January 2021. Jan 2 Start a business by banked in RM 120,000 to a

Mr.Y, a sole proprietor started his business, RXZ Enterprise on 1 January 2021.

Jan

2

Start a business by banked in RM 120,000 to a bank account.

3

Withdraw RM 10, 000 from the bank account as cash in hand.

3.

Bought a computer of RM 3,000 in cash.

4.

Bought office furniture RM 5,500 by cheque.

5.

Purchase goods worth RM 3,789 from Alex Trading, paid by cheque

RM 2,000 and balance to be paid the next month.

6.

Taken RM 1,000 cash for use of personal insurance.

7.

Purchase RM 5,000 goods from Mr Muthu for 14 days credit term.

7.

Paid advertising expense of RM 300 by cash.

10

Raihan, a customer bought goods amounted to RM 2,500 and paid through online banking.

Pay salaries to employees by online banking with total of RM 20,000

21.

Paid Mr Muthu for all outstanding due.

22

Bought an office equipment by cheque worth RM 6,000 for business use.

23

Sold goods worth RM 5,000 to Amin Enterprise for 7 days credit term.

23

Received cash for goods sold @RM 2,500

25

Incurred travelling expenses of RM 150 cash for marketing purpose

30.

Received 50% payment from Amin Enterprise via online banking.

Prepare the journal entry for each of the

Prepare the journal entry for each transactions above.

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