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On 1 August 2010, Lisa opens a research service centre. She will be the owner of the proprietorship. During the entitys first 10 days of
- On 1 August 2010, Lisa opens a research service centre. She will be the owner of the proprietorship. During the entitys first 10 days of operations, the business completes these transactions:
- To begin operation, Lisa deposits RM40,000 of personal funds in business bank account.
- Lisa pays RM30,000 cash for a small building to be used as an office for the business.
- Lisa purchases office supplies for RM500 on credit.
- Lisa pays cash of RM6000 for furniture.
- Lisa pays RM150 on the account payable she created in transaction (c).
- Lisa withdraws RM1000 cash for personal use.
Journalise these transactions.
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