Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rihanna operates a business supplying washing machine. During the month of September, the following transactions took place: September 2 Additional capital of RM40,000 cash inject

image text in transcribed
Rihanna operates a business supplying washing machine. During the month of September, the following transactions took place: September 2 Additional capital of RM40,000 cash inject by the owner into the business. 4 Cash deposited into the bank amounting RM20,000 6 Bought office equipment for RM16,400 cash. 8 Bought furniture and fitting from Elsa Sdn.Bhd. on credit RM9,400. 12 Sales of washing machine and received cash amounted to RM3,000. 24 Withdraw RM1,600 of the cash for personal use. 26 Paid Elsa Sdn. Bhd. RM3,000 by cheque. Required: (i) Record the above transactions in the general journal. (7 marks) (ii) Post the journal entries to the relevant accounts in the general ledger and balance of all the accounts. (11 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Fundamentals Of Cost Accounting

Authors: William N. Lanen, Shannon Anderson, Michael W. Maher

6th Edition

1260569098, 9781260569094

More Books

Students also viewed these Accounting questions

Question

Find the domain and range of the function. (x) = |x - 3|

Answered: 1 week ago

Question

What applied experiences do you have? (For Applied Programs Only)

Answered: 1 week ago