Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

prepare the double entry T-account trail ballance i) ii) iii) Double Entries Ledgers/ T-account and balance off the account Trial Balance 4.0 BUSINESS TRANSACTIONS FOR

image text in transcribed

prepare the double entry

T-account

trail ballance

i) ii) iii) Double Entries Ledgers/ T-account and balance off the account Trial Balance 4.0 BUSINESS TRANSACTIONS FOR THE MONTH OF JUNE 2020 The following are transactions of Coldrink for the month of June 2020: Date Transactions 1 1 2 4 5 5 6 7 8 9 Owner contributed RM50,000 cash in hand and Freezer worth RM5,000 into the business Opened a bank account and transfer RM45,000 cash into bank account. Business purchased a fridge cooler RM10,000 on credit from Electrical Trading. Bought 30 dozens of can drink on credit from Booba RM1,200. Purchased various flavors of beverages from FeelGood RM5,300 by cheque Cash sales RM300. Pald RM1,200 to Booba by cheque for goods purchased. Sold RM1,000 worth of drinks for wedding event. The payment was not yet received Received an invoice costing RM3.200 for goods purchased from Cmart. issued an invoice RMBOD for goods sold to Johan. Returned goods to Cmart costing RM300 due to wrong flavors. Issued an invoice RM1,080 for goods sold to Toffelve. Toffellve returned wrong products to the business worth RM250. Issued receipt to Johan for cheque received worth RM800. Received commission of RM 200 by cash Owner took 100 cups of tea Ice amounting RM200 for his son's birthday. Pald water and electricity bill RM750 by cash Pald telephone bill of RM200 by cheque. Pald salary to Fadhl and Zahid RM1,600 by cheque. Owner took RM500 cash for personal use. 10 12 13 14 16 20 25 28 29 30

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

The Changing Face Of American BankingDeregulation, Reregulation, And The Global Financial System

Authors: Ranajoy Ray Chaudhuri

3rd Edition

1137365811, 9781137365811

More Books

Students also viewed these Accounting questions