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Prepare journal entries (in appropriate format form) for each of the above transactions and post the transactions to general ledgers. thank you Double Entry Principles
Prepare journal entries (in appropriate format form) for each of the above transactions and post the transactions to general ledgers.
thank you
Double Entry Principles Ahmad Enterprise started a bookstore business on 1st January, 2020. The followings are the transactions of his business during the month of January. You are required to provide the journal entries and then post the journal to ledgers accordingly. Date 5 6 10 11 Transactions Ahmad started business. He deposited RM20,000 cash into the business bank account at Maybank. Ahmad purchase 2 computers for his business, worth RM5,000, payment by a cheque. Ahmad received his order of 20 boxes of books for his business from Pelangi Book Distributor. This book purchase cost was RM4,000 Paid RM1,000 cash to DBKL council for business license. Paid RM 200 for staff salary by online transfer Ahmad took RM500 from his business bank account for personal use. Paid Pelangi Distributor for book purchases in full Made cash sales amounting to RM3,000 Credit sales of RM2,500 to a tuition provider, Gemilang Services Gemilang Services returned some damaged books worth RM120. Paid RM300 for Utilities expenses by online banking Paid transportation costs, Carriage Outward, amounting to RM700 to GDex Sdn Bhd by cheque Received payment RM2,000 via online banking from QQ Gemilang, 15 19 20 22 23 25 27 30Step by Step Solution
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