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Question 8 Memories Forever Trading is a business selling souvenirs. The following transaction took place in the month of September 2017. September 1 owner invested
Question 8 Memories Forever Trading is a business selling souvenirs. The following transaction took place in the month of September 2017. September 1 owner invested cash into the business of the bank account RM 100,000 3 Purchased a motor van from Lim Motors costing RM 70,000. Deposit RM 10,000 was paid by cheque and the balance to be paid by installment starting next month 6 Received invoices from Amir RM8,000 and Harriz RM 3,000 for good purchased 8 sold good on credit to Zulaikha RM 4,800 and Khaira RM 3,600 15 issued a debit note for damage goods returned to Harriz RM 600 20 Received a cheque from pelangi Berhad for Investment income RM 15,000 23 Paid RM 1,200 using cheque to Tenaga Nasional Berhad for electricity expenses 26 Received a cheque for cash sales amounting RM 10,000 29 The owner withdrew goods worth RM 340 for personal use Required: a) Prepared Journal Entries
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