Question 1

Mr. Tan Zi Rou operates his business with the year end of 30 June; he had the following transactions during the month of June:

Jun 1 Cash sales of RM110 to Neoh Zu Koh, received through cheque.

Jun 3 Credit sales of RM120 to Zhen Yi Soo.

Jun 10 Credit purchase of inventory RM500 from Michael, with discount 10%

Jun 19 A credit note was received from the supplier, Michael, for inventory purchased with cost RM200 with discount 10%.

Jun 30 Motor vehicles with cost of RM50,000 and depreciation rate of 20%. Please calculate the full year depreciation and record in June.

Required:

Record each transaction into their respective books of prime entry (Narratives are NOT required for General Journals).