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PART B [20 Marks] Instruction: Answer ALL questions in answer script as provided. The following are the business transactions from Ali Enterprise for the month
PART B [20 Marks] Instruction: Answer ALL questions in answer script as provided. The following are the business transactions from Ali Enterprise for the month of Apri The owner, started in business with RM10,000 in the bank. 3 Bought fixtures and fittings RM1,150 paying by cheque. Purchased goods on credit from Abu RM1,500. 6 7 Withdrew cash RM5,000 from business bank account. 11 Purchased equipment for RM10,000, paying RM4,000 in cash and signed a 90 days notes payable for RM6,000. 14 Goods returned to Abu RM41 17 Sold goods on credit to Samad for RM845. 25 Owner withdrew RM850 cash at bank for personal use. 28 Goods returned by Samad RM27. 30 Paid rent by cheque RM800. Required: a) Prepare journal entry for each transactions above. (Note: You may omit journal explanations.) (10 marks)
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