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Quick Check 4A 1. Find the future value and the interest earned for each of the following annuities: (a) RM6,000 every year for 8 years

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Quick Check 4A 1. Find the future value and the interest earned for each of the following annuities: (a) RM6,000 every year for 8 years at 12% compounded annually. (b) RM800 every month for 2 years 5 months at 5% compounded monthly. (c) RM950 every 3 months for 3 years 9 months at 6% compounded quarterly. (d) RM2,450 every 2 months for 1 year 8 months at 6% compounded every two months. (e) RM90 every day for 150 days at 10% compounded daily. ACCT 1002 Introduction to Financial Accounting Tutorial Questions Toples General day book ledger-posting-balance of 10/07/2019 Question 1: Presented below is information related to Hanif Real Estate Agency, October 2016 i Hanif begins business a real estate agent with cash investment of RM25,000 in exchange for capital Hires an administrative assistant. Pays RM1,500 for office rental, cash Purchases furniture for RM3,500 from World Furniture, on account. Provide services for Billy Lim, RM4,500 on account. 16 Pays RM2,000 to World Furniture (balance related to transaction 3 October) 20 Provide service to Piere Andrew, RM3,200 and receives cash 25 Pays utilities for RM300, cash Hanif invest additional capital RM5,000. 30 Pays salary to administrative assistant RM1,500, cash 10 Required: a) Joumalize the above transactions (Prepare general day books) b) Post to the accounts (Post to the ledger/ T-accounts) c) Balance off accounts d) Prepare trial balance as at 30 October 2016 (Note- Please leave 1 blank page before start Question No 2)

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