Question
Question: Make a T-account for the following transaction 2021 JAN 1 Capital brought in RM60,000 cash. JAN 2 Purchase land by cheque for RM6,400 from
Question: Make a T-account for the following transaction
2021
JAN 1 Capital brought in RM60,000 cash.
JAN 2 Purchase land by cheque for RM6,400 from BCD Company
JAN 3 Purchased goods from FFC company for RM2500 on credit.
JAN 4 Payed advertisements on newspaper for RM500 in cash
JAN 29 Paid RM2500 for FFC company for the goods.
FEB 1 Sold fruits to David for RM2200 in cheque.
FEB 6 Capital withdrawn RM400 for own use.
FEB 10 Sold fruits to Jody for RM1900 in cash.
FEB 17 Purchased supplies for RM2,100 in cheque.
FEB 28 Sold fruits to Anna for RM3,000 on credit.
MAR 2 Received payment from Anna of RM3,000 to pay off her debt.
MAR 17 Payed RM1,000 for FEB rent in cash.
MAR 26 Purchase office furniture for RM500 in cash.
APR 7 Paid employees salaries for RM2,000 in cash.
APR 15 Pay MAR utility bill for RM2,750 in cheque.
APR 20 Sold fruits to Nick for RM 60 in cash.
MAY 5 Paid water and electricity bills for RM250 in cash.
JUL 9 Ahmed purchased fruits for RM6,600 on credit.
JUL 27 Purchase goods from BFC company for RM1,200 on credit.
Aug 8 Wrote a cheque of RM1,200 to pay off the debt owed to BFC company.
Aug 16 Received a cheque of RM6,600 by Ahmed to settle his debit.
SEP 1 Purchased laptop for office use for RM700 in cash.
OCT 3 Purchase goods from BFC company for RM2,200 on credit.
OCT 25 Return goods worth of RM1,100 to BFC company due to the goods is damaged.
NOV 4 Paid automobile expenses for month, RM2,900 in cash.
NOV 6 Paid RM200 for the advertisement fees.
NOV 18 Jackson purchased fruits for RM1,890 on credit.
NOV 23 Paid RM1,500 for insurance premiums in cheque.
NOV 30 Received cash from Jackson on account, RM1,890.
DEC 29 Paid RM300 for delivering fees in cash.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started