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Question 3 Active Wear Sdn. Bhd. (AWSB) is a sportswear wholesaler located in Bandar Cergas, Bangi. In January 2021, the accounts balances and business
Question 3 Active Wear Sdn. Bhd. (AWSB) is a sportswear wholesaler located in Bandar Cergas, Bangi. In January 2021, the accounts balances and business activities are as follows: Cash in hand RM 36,800 Cash at bank 85,200 Vehicles 145,000 Trade receivables 23,400 Trade payables 40,400 Loan from bank Capital 150,000 100,000 Jan 2 5 Receive cash from the sales to Sneaker Supply for six pairs of sports shoes worth in total RM1,800. Sold three pairs of tracksuits to Sarah worth in total of RM480 on credit. 10 Purchased two dozen tracksuits from Casual Sports Trading worth in total of RM2,880 and get a credit for 10 days. 12 Sold sports shoes to Juju and Jaja worth RM600 each on credit. 17 Returned two pairs of tracksuits of RM240 to Casual Sports Trading due to the poor quality. 222222 Paid Casual Sports Trading for the full outstanding through cheque payment. Purchased two dozen shoes from Run Trading on credit at the cost of RM4,800. Sold 6 pairs of tracksuits to Smart Company valued RM720 on cash. Smart Company returned a pair of tracksuits worth RM120. 25 Rebecca bought two pairs of sports shoes worth RM500 and paid by cash. 28 Paid a rental for January worth RM3,000 through cheque. Based on the information given above, you are required to enter them up in the Sales Journal, Purchase Journal, Return Inwards, Return Outwards Journal, and General Journal.
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