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QUESTION 2 You are required to identify the accounts to be opened and their entries from the following business activities. Transaction Account to be debited
QUESTION 2 You are required to identify the accounts to be opened and their entries from the following business activities. Transaction Account to be debited Account to be credited (a) (b) (c) (d) Bought inventory from Suzy by credit. Received discount. Bought photocopy machine by credit from EXI Office supply Sdn Bhd. Sold inventory by credit to Jumanji Ltd. Issued discount Sold inventory in cash to Sungkai homestay Sdn Bhd. Issued discount. Paid Anwar in cash. Received discount. Paid electricity bill in cash. Paid utility bills for RM300 by cash. Received invoice from Angsana Issued cheque to Fadhil Construction Sdn Bhd for the constructing new offices. Brought in additional capital in form of cash into the business' bank account (e) (6) (g) (h) (i) (1) (Total: 20 marks)
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