QUESTION You are to create a minimum of 30 transactions for your fictitious company. The transactions shall be inputs to the company's accounting cycle up to the preparation of the financial statements. The transactions must include cash and credit sales and purchase, general ledgers activities, cash and bank transactions and others (if any). Prepare a Financial Statements portfolio which consist with this file. Financial Statements From the above instruction, you need to prepare a portfolio file of the accounting cycle, either in hard or soft copies. Journal date details Dr Cr Dr Cr date details 2-Jun dr cash 300000 5400 1-May dr cash cr capital 300000 cr jackson 5400 150000 5-Jun dr office e 3500 3-May dr bank cr cash 150000 cr bank 3500 1-May 3-May 5-May 8-May 11-May 14-May 16-May 18-May 21-May 23-May 25-May 27-May 30-May 40000 150000 5-May dr goods cr nero riki 6-Jun dr bank cr william 40000 150000 20000 8-Jun dr comput 1500 8-May dr jackson cr goods 20000 cr cash 1500 10000 5000 2 May 3 charles started his business with cash RM300000 4 charles opened an account in a bank with cash RM150000 5 purchased goods from nero riki on credit RM40000 6 sold goods to jackson RM20000 7 due to some quality defect nero riki returned goods of RM10000 8 sold goods to loser for RM70000 9 paid rent of RM10000 by cash 10 purchased furniture by cash of RM8000 11 paid through a cheque of RM5000 for advertisement 12 withdrawn RM6000 from bank for personal use 13 received RM65000 cash from loser in full settlement of his account 14 goods costing RM1000 donated to ICRC 15 charles paid to employees RM15000 by cheque 16 June 17 received RM5400 cash from jackson as advanced payments 18 purchased additional office equipment RM3500 from nero riki by cheque 19 received a loan of RM150000 from william by cheque 20 bought a computer of RM1500 by cash 21 received RM5000 cash from loser for his goods debt 22 paid part of william's loan of RM80000 by cheque 23 charles bought a smart telephone of RM3000 by cash 24 charles hired an assistant and paid semimonthly salary of RM6000 by cash 25 paid rent of RM10000 by cash 26 received RM12000 cash from jackson for his goods debt 27 purchased goods of RM60000 from lisa by cheque 28 sold goods to peter for RM35000 29 paid amount owning of nero riki RM43500 by cheque 30 received RM30000 cash from peter for his goods debt 31 charles paid to employees RM15000 by cheque 11-May dr goods cr nero riki 11-Jun dr cash cr loser 2-Jun 10000 5000 5-Jun 6-Jun 70000 13-Jun dr william 80000 14-May dr loser cr goods 8-Jun 70000 cr bank 80000 11-Jun 13-Jun 10000 14-Jun dr smart to 3000 16-May dr rent cr cash 14-Jun 10000 cr cash 3000 15-Jun 18-Jun 8000 15-Jun dr assistai 6000 18-May dr furnitur cr cash 21-Jun 8000 cr cash 6000 23-Jun 24-Jun 5000 18-Jun dr rent 10000 21-May dr advertis cr bank 26-Jun 5000 cr cash 10000 29-Jun Jun-31 6000 21-Jun dr cash 12000 23-May dr drawing cr bank 32 60nn criacion 1 2000 computer smart telephone date details amount date details amount date details amount date details amount 8-Jun cash 1500 14-Jun cash 3000 semimonthly salary for assistant lisa date details amount date details amount date details amount amount date details 23-Jun goods 15-Jun cash 6000 60000 peter date details amount date details amount 24-Jun goods 35000 29-Jun cash 30000
