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ASSIGNMENT 1 Sunny started an electrical company, Sunny Electrical Company, on 1* of January 2010 with Capital RM50,000.00 in the bank. The following are the transactions for the month of January 2010. 02/01/2010 He purchased 1,000 bulbs by cheque RM 2,000.00 03/01/2010 He purchased 2,000 lamps by cheque RM10,000.00 04/01/2010 He purchased 500 speakers by cheque RM15,000.00 05/01/2010 He sold all 1,000 bulbs & received cheque RM 2,500.00 06/01/2010 He sold all 2,000 lamps & received cheque RM13,200.00 07/01/2010 He sold all 500 speakers & received chequeRM19,500.00 Cheques were issued for the following expenses 31/01/2010 Rental 31/01/2010 Salary 31/01/2010 Travelling RM2,000.00 RM4,000.00 RM 400.00 Prepare a Trading and Profit & Loss Account for the month of January 2010 for this company manually. RM SALES 35,200 COST OF SALES (27.000) GROSS PROFIT 8,200 EXPENSES (6,400) NET PROFIT 1,800 1) Enter the following Chart of Account: Account No. A/C Description Account Type Special A/C 1000/000 CAPITAL A 1050/000 RETAINED EARNING A 3010/000 BANK F 5000/000 SALES PA 6010/000 PURCHASES RENTAL M 9010/000 9020/000 M SALARY TRAVELLING 9030/000 M 2) Enter the following Batches: Batches Titles Period No. Type 1 Credit 1 2. 1 2 3 Credit 4 1 Sales Journal-Jan'10 Returns Inwards Journal-Jan'10 Purchases Journal-Jan'10 Returns Outwards Journal-Jan'10 Cash Book (Bank)-Jan'10 Cash Book (Cash)-Jan'10 General Journal-Jan'10 1 5 Bank 1 6 Cash 1 7 1 3) Enter double entry (previous page transactions) into Batch 5 Cash Book (Bank)-Jan 2010 by using Entry methods below: 1) Add Entry for capital & purchases transactions only ii) Quick Entry for the rest of transactions 4) View the following Reports: i). Bank Account ii). Sales Account iii). Trial Balance iv). General Ledger Listing v). Profit & Loss Account Experiments: 1). Change the Description in Chart of Account from 'Sales' to 'Cash Sales' 2). Change the Purchase value in transactions 3 & 4 from RM2,000.00 to RM2,500.00 3) Use the V.Edit function to do the changes on the followings at the same screen: (a) Change the Purchase value in transaction 3 & 4 from RM2,500.00 to RM2,000.00 (b) Change the Sales value for the transaction dated on 05/01/2010, from RM2,500.00 to RM2,300.00. (c) Change the Rental value for the transaction dated on 31/01/2010, from RM2,000.00 to RM1,500.00 4) Delete the entire transaction for Salary of RM4,000.00 You are advised to use V.Edit function to edit transactions. You can backup the answer into floppy disk. Try to explore Restore function. Check your transactions in Batch 5. Edit your transactions if they are different from the following information