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Question 5 Dr Kamal practices medicine under the trade name Public Poliklinik. Below is the first month business transactions for the clinic. Date May 1
Question 5 Dr Kamal practices medicine under the trade name Public Poliklinik. Below is the first month business transactions for the clinic. Date May 1 May 8 May 14 May 18 May 22 May 26 May 31 Transactions Kamal deposited RM74,000 in the business bank account as capital. Paid office rental RM600. Paid RM24,000 to purchase computers for office use. Purchased medical supplies on account, RM1,500. Borrowed RM18,000 from Maybank for business use. Paid RM1,500 on accounts for the medical supplies. Revenue earned during the month included RM6,400 cheque and RM4,300 on account. Paid salaries RM2,600 and utilities RM350. Make a single compound entry. Withdrew RM9,000 for personal use. May 31 May 31 Required: a. Journalise each transaction. Narrations are not required. (20 marks) b. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. (20 marks) END OF QUESTION PAPER
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