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QUESTION 2 Mr. Amran is the owner of Berdaya Maju Sdn Bhd. a company that offers self -service laundry services in Jitra, Kedah. The following

QUESTION 2

Mr. Amran is the owner of Berdaya Maju Sdn Bhd. a company that offers self -service laundry services in Jitra, Kedah. The following is a list of transactions that took place during the month of September 2021.

1

Mr Amran added capital to his business in the form of RM150,000 in cash and RM120,000 in laundry equipment

2

Purchase laundry equipment on credit, RM35,000

2

The company bought a four -wheel drive vehicle worth RM90,000. The company pays a cash deposit of ten percent (10%) of the price of the vehicle. The balance is paid using bank financing for 9 years

16

Collecting laundry revenue of RM l5,000

20

Paying 60% of the debt of laundry equipment purchased on September 2, 2021

27

Pay in cash employees' salaries and utility bills of RM8,000 and RM15,000 respectively

29

Made the first payment of RM1,100 to the bank for a vehicle purchased on 2 September 2021

30

Mr Amran took RM2,500 cash from the company's account for personal use

Additional information: The cash account balance as at 31 August 2021 is RM25,000.

BE REQUIRED:

a) Prepare journal entries for transactions throughout September 2021 (Description not required).

b) Prepare a Cash Account and determine the balance at the end of September 2021. Use the format as below:

Account: Cash

Date

Description

Debit

Credit

Balance

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