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QUESTION 2 2.1. Write up general journal entries to record the following transactions for the records of Brinjal Sdn. Bhd: co UN 2.2. 2020 July
QUESTION 2 2.1. Write up general journal entries to record the following transactions for the records of Brinjal Sdn. Bhd: co UN 2.2. 2020 July 1 Started business with RM150,000 in the bank. 2 Bought office fumiture by cheque RM12,000. 3 Bought machinery RM14,000 on credit from Fruit Sdn. Bhd. 5 Bought a van paying by cheque RM60,100. 8 Sold some of the office furniture not suitable for the business for RM1,500 on credit to Christ. 15 Paid the amount owing to Fruit Sdn. Bhd. RM14,000 by cheque. 23 Received the amount due from Christ RM1,500 in cash. 31 Bought more machinery by cheque RM6,500. (16 marks) Complete the columns to show the effects (increase or decrease) of the following transactions on the assets, liabilities and capital of a business. Copy the table into your answer booklet Effect Upon Assets Liabilities Capital a) Pay creditor RM100 in cash b) Bought machines RM200 by cheque c) Bought goods on credit RM300 d) The proprietor introduces RM500 cash into the firm e) A debtor pay us RM60 by cheque f) Bought furniture by cash RM500 g) Credit sales to Kasim RM200 h) Owner took RM100 cash for his own use i) Bought furniture by cash 1) Introduce additional cash as capital (9 marks)
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