Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me i will give good rating Section C: Calculation Question. During pandemic COVID-19, Nadrah decided to run a small business in Dungun selling

Please help me i will give good rating

image text in transcribed

image text in transcribed

Section C: Calculation Question. During pandemic COVID-19, Nadrah decided to run a small business in Dungun selling Mini chocolate to cover her family's daily life. She usually sold her product throughout Shoppe Malaysia. However, for almost a year her business has been operating but she has never kept her business transaction properly. ES: To avoid any error and omission, Nadrah decided to hire an accountant to prepare a full financial statement for her business. Given below are all business transactions that happened during May 2020. May 2020 1 Nadrah started business with cash in hand which amounted to RM50,000. 2 The owner transferred RM40,000 cash in hand into bank account. 3 The business purchased goods from SDELL Enterprise for RM15,000. 6 The business purchased a computer RM1,500 by cheque for office use. 11 Sold goods on credit to Syamsul RM9,800. The business brought in personal motor vehicles for use in the business 15 amounting RM14,500. 18 Nadrah sold goods by cash amounting RM5,230. 20 Paid rental expenses amounting to RM1,400 by cash. 22 Suzana took RM300 from the bank for personal use. DALLAS 25 Paid salaries to staff amounted to RM3,600. Received all payment from Syamsul and banked in cash RM3,000. 27 Required: a Record the above transactions into the general journal. b) Post the transaction in (a) into appropriate ledger accounts and balance off all the accounts. c) Prepare a trial balance as at 31 May 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Internal Auditing Continuing Professional Education CPE Edition

Authors: Robert M. Atkisson, Victor Z. Brink, Herbert N. Witt

1st Edition

0471818828, 978-0471818823

More Books

Students also viewed these Accounting questions

Question

3. Explain the forces that influence how people handle conflict

Answered: 1 week ago