Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 Following are the transactions for Mak Cik Cafe for June 2 0 2 3 . June 1 Started business with cash at bank

Question 2
Following are the transactions for Mak Cik Cafe for June 2023.
June 1
Started business with cash at bank RM50,000.
3
Buy a coffee machine by cheque RM15,000.
10
Purchased goods from Home Bakery on credit RM1,500.
25
Deposit RM11,000 cash sales into bank account.
30
Mak Cik withdrawn RM5,000 cash for her vacation at Bali.
Required:
Prepare a double entry based on the above transactions.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Financial Accounting And Reporting Principles And Analysis

Authors: Peter J. Walton, Walter Aerts

3rd Edition

1408062860, 9781408062869

More Books

Students also viewed these Accounting questions