Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please shows how to get the answers Question 3: Yuhana Enterprise, owned by Mr. Wahid, is a company that provides business consultation services. The company
please shows how to get the answers
Question 3: Yuhana Enterprise, owned by Mr. Wahid, is a company that provides business consultation services. The company has been operated since January 2022. Followings are the list of accounts balances at the end of April 2022. Accounts Balances (RM) Cash 92,700 Accounts Receivable 56,200 Office Supplies 3.500 Land 95.000 Accounts Payable 8,320 Notes Payable 72,000 Capital 83.480 Withdrawal 4,600 Fee Revenge 132,600 Salary Expense 34,000 Utility Expense 6,000 Rent Expense 4,400 Followings is a list of business transactions that took place during May 2022. May 4 Pays RM800 by cash to Easy Broadcast Sdn Bhd for advertising the services provided by Yohana Enterprise 6 Mr. Wahid Withdraws RM5,000 for personal purposes. 11 Receives payment from Ken Boon Hyat amounted RM1.500, 15 Pays debt to Fransisca Sdn Bhd amounted RM2,100. 20 Purchases office supplies from Jayden Sdn Bhd amounted RM800 on account. 25 Pays salary of the month amounted RM8.500 to all statt. 30 Records all fee revenues receive in May amounted RM32.000. 31 Receives utility bill for May amounted RM1.500. Payment will be remit on next month 31 Remits monthly payment of RM1.200 to Bank Perwana. 31 Pays rental expense amounted RM1.100, List of debtors and creditors: Debtors Creditors Ken Boon Hyat Fransisca Sdn Bhd Bank Perwana Jayden Sdn Bhd REQUIRED: 1. Prepare journal entries for the month of May 2022. 2. Prepare the trial balance for May 2022 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started