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Question 3 Wendy opened a hair care products shop in Georgetown in September 2020. During the first month of operations, the business completed the following
Question 3 Wendy opened a hair care products shop in Georgetown in September 2020. During the first month of operations, the business completed the following transactions. Sep 1 Sep 2 Sep 8 Sep 10 Sep 12 Wendy invested RM80,000 cash into the business. She obtained a bank loan of RM80,000 for the business Bought goods on credit for RM75,000 from Century Saloon Supply Distributed free sample worth RM1,000 from her stocks Shampoo costing RM180 was taken from business stock as a personal gift to her friend Purchased a cash register worth RM2,500 on credit from Smart Solution Brought in his personal computer worth RM3,800 for business use Installed a security system for his office, total bill received from his supplier, Secure System was RM9,600 Withdrawn goods bought for resale for her personal use, value of the goods was RM680 Withdrew RM800 from business bank account for her personal use Sep 16 Sep 17 Sep 19 Sep 24 Sep 28 Required: Record the above transactions in the GENERAL JOURNAL. Narratives are not required. (20 marks)
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