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Prepare the following for the month of June 2020. i) ii) Double Entries Ledgers/ T-account and balance off the account Trial Balance 4.0 BUSINESS TRANSACTIONS
Prepare the following for the month of June 2020. i) ii) 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 1 1 2 4 5 5 6 7 8 9 Transactions 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. Paid 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 RM800 for goods sold to Johan. Returned goods to Cmart costing RM300 due to wrong flavors. Issued an invoice RM1,080 for goods sold to Toffelive. Toffelive 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. Paid water and electricity bill RM750 by cash. Paid telephone bill of RM200 by cheque. Paid salary to Fadhil and Zahid RM1,600 by cheque. Owner took RM500 cash for personal use. 10 12 13 14 16 20 25 28 29 30
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