Question
The following is a summary of transactions that occurred in 31 Mac.2018 for XYZ ent. Sales RM2400 (Cash RM2,000, RM400 on Account), Cost of Goods
The following is a summary of transactions that occurred in 31 Mac.2018 for XYZ ent.
Sales RM2400 (Cash RM2,000, RM400 on Account), Cost of Goods Sold was RM2,000, Paid RM120 for Supplies: Used RM80 of them; RM40 remain, Purchased RM2,000 of inventory; paid RM1500 Cash, RM500 on account.
1) Prepare the necessary Journal entries.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
