st 1 - BBFA1113 -2( x + Copy of Keshini Thanabalu BBF/ x The Difference between Fumitu X Of Course 3g13a5neBVmfrX4zmyluSY9ixPkE51/view WhatsApp Web G Google TAR UC - Student I.. Classes Management : the.. Accounting prin Answer your answers in the works. Open with booklet provided. Question 1 a) On 15 June 2020, Nova bought furniture worth RM4,000, of which, RM1,000 was for office use and the balance was for inventories. He owed Havi Store Co. for this furniture. On 19 June 2020, RM3,500 was paid to a Havi Store Co. for partial payment via bank. On 20 June 2020, cash of RM5,000 was received from a ABC Sdn. Bhd. Required: Prepare the journal entry for the above. (7 marks) b) Complete the columns to show the effects of the following transactions on assets, liabilities or capital: Effect upon Assets Liabilities Capital Example: Answer Increase Increase (a) Paid for a payable RM310 by cheque. (b) Bought fixtures RM175 paying in cash. (c) Loan from bank RM30,000 entered into bank account (d) The proprietor introduces another RM1,200 cash into the business (e) A friend lends the business RM2,500 in cash. (D) A receivable pays RM50 in cash (6 marks) Page 1 / 3 - + (Total: 13 marks)1 - BBFA1113 -2 X + Copy of Keshini Thanabalu BBF X If Homework Help Q&A from Or x Teleg 913a5neBVmfrX4zmyluSY9ixPKE51/view WhatsApp Web G Google TAR UC - Student L. Classes Management : the... Accounting Open with Question 2 (a) JCY is a sole trader who records all his cash and bank transactions in a three-column Cash Book as at 30 June 2020. On 1 June, he started business with capital in bank of RM 10,090 June Received the following amounts by cheque from the three customers below, in each case, a 5% cash discounts are given: 10 John RM1500; Peter RM400; Alice RM2320 (all amounts are before discount) 12 Cash sales paid direct into the bank RM 1500 Paid the suppliers through bank transfer. in each case deducting a 3% cash discount discount). JJ Co. RM400; Orange Co. RM600. BC Baker RM1 200 (all amounts are before 14 Paid for rent by cheque RM900 18 RM2.020 Withdrew RM1 020 cash from the bank for business use and received a cash sales of 21 Interest received in bank account of RM200. 24 Paid wages in cash RMI 500. 25 Replaced a rack in the shop for RM1.200. Issued a cheque to contractor 29 Bought fixtures paying by cheque RM720 Bought stationery paving by cash RM86. Cash Book (9 marks) (b) Prepare the discount allow (2 marks)