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QUESTION 1 The owner officially opened AZ-Shirt Sdn. Bhd. on January 314. During the first month of operations, the following transactions occurred: Date Transactions February
QUESTION 1 The owner officially opened AZ-Shirt Sdn. Bhd. on January 314. During the first month of operations, the following transactions occurred: Date Transactions February (+) Received cash payment of RM215 for 10 classic T-shirts including delivery charges. (-) Placed an order for 150 Gildan raglan T-shirts for RM3150 on credit. (+) Received credit payment of RM555 for 36 classic T-shirts including delivery charges. (+) Received cash payment of RM375 for 18 classic T-shirts including delivery charges. (-) Paid RM1200 by cheque for monthly shop rental. (-) Paid RM100 for advertising services on social media. (+) Received credit payment of RM681 for 18 raglan T-shirts including delivery charges. (+) Received credit payment of RM705 for 46 classic T-shirts including delivery charges. (+) Received credit payment of RM939 for 28 raglan T-shirts including delivery charges. (+) Received cash payment of RM359 for 12 raglan T-shirts including delivery charges. (-) RM1200 paid by cheque as salary payout to 1 employee. (+) Received credit payment of RM525 for 34 classic T-shirts including delivery charges. (+) Received cash payment of RM155 for 7 classic T-shirts including delivery charges. (+) Received cash payment of RM215 for 10 classic T-shirts including delivery charges. (-) RM1200 in credit paid for electrical bill charges. (-) RM110 in credit paid for electrical bill charges. Required: a) Prepared journal entries based on the transactions above
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