Question
Question 1 Brook Resources plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions.
Question 1 Brook Resources plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions. Jan 1 Brian, the owner brought his cash money for RM134,000 to the business. Jan 5 Purchase office equipment or RM20,000. A note payable is signed for the full amount. Jan 9 Purchase storage container equipment for RM8,200 cash. Jan 12 Hire three employees for RM2,200 per month. Jan 18 Receive cash of RM12,200 in rental fees for the current month. Jan 23 Purchase office supplies for RM2,200 on account. Paid cash amounted to RM3,000 for the business rental expense. Jan 31 Pay employees RM6,600 for the first month's salaries. Required: Prepare relevant accounting records for the above transactions following the accounting cycle.
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