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Question 1 Green technology Sdn. Bhd. started a business on 1 January 2019 by selling computer products. The company close the account on 31 December

Question 1

Green technology Sdn. Bhd. started a business on 1 January 2019 by selling computer products. The company close the account on 31 December 2019. Use the following information to prepare the trial balance as at 31 December 2019.

Capital RM100,000

Motor vehicle RM50,000

Office equipment RM20,000

Furniture RM10,000

Cash RM15,000

Debtors RM5,000

  1. Create the transactions for the company. (10 marks)

Create the transactions of:

  1. 10 general transactions
  2. 4 transactions in depreciation topic
  3. 2 transactions in bad debts and allowance for doubtful debts (AFDD) topic
  4. 4 transactions accrual and prepayment topic

  1. Prepare the journal entries (10 marks)

Prepare journal entries for each transactions above.

  1. Prepare the ledger (20 marks)

Using the information in (a) to proceed to (b). Balancing-off the account and get the balance of each accounts.

  1. Prepare the trial balance (10 marks)
  1. Using the information in (c) to proceed to (d).
  2. Do include the beginning information in trial balance.

[Total : 50 marks]

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