Question
Super Max Cleaning Services (SMCS) is located in Alor Setar, Kedah providing dry cleaning services. Business transactions during November are summarized as follows: Description November
Super Max Cleaning Services (SMCS) is located in Alor Setar, Kedah providing dry cleaning services. Business transactions during November are summarized as follows:
| Description |
November 1 | SMCS invested cash in the business with a deposit of RM200,000 in the business bank account. |
November 5 | Purchased land paying cash of RM35,000 |
November 9 | Paid rent for the month of RM4,000 |
November 11 | Charged customers for dry cleaning revenue on account, RM72,000 |
November 16 | Purchased supplies on account, RM8,000 |
November 21 | Provide dry cleaning service for customers and receive cash on the same day, RM38,000 |
November 24 | Received cash from customers on account, RM70,000 |
November 27 | Paid the following expenses: wages expenses RM24,000, truck expenses RM2,100, utilities RM1,800 and miscellaneous expenses RM1,300 |
November 29 | Withdrew RM5,000 for personal use. |
REQUIRED:
Show the effect of EACH TRANSACTION on the accounting equation using the following format (show accounts name that may affect owners equity):
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