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On January 1, Bella set up a bridal boutique. The following transactions were completed during the month. Invested RM25,000 cash to start the business. Paid
On January 1, Bella set up a bridal boutique. The following transactions were completed during the month.
- Invested RM25,000 cash to start the business.
- Paid RM600 cash for January outlet rent.
- Purchased office equipment for RM8,000 cash.
- Incurred RM450 of advertising costs in the Explorer Magazine, on account.
- Paid RM750 cash for office supplies.
- Earned RM10,000 for services rendered: RM3,000 cash is received from customers and the balance of RM7,000 is billed to customers on account.
- Withdrew RM300 cash for personal use.
- Paid Explorer Magazine amount due in transaction (4).
- Paid employee's salaries RM5,600.
- Received RM5,400 in cash from customers who have previously been billed in transaction (6).
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