Question
The following transactions of Gemilang Enterprise occurred during the month of April 2021: Date Transactions April 1 Adib, the owner of Gemilang Enterprise invested RM10,000
The following transactions of Gemilang Enterprise occurred during the month of April 2021:
Date | Transactions |
April 1 | Adib, the owner of Gemilang Enterprise invested RM10,000 of his personal savings into the companys account. |
2 | Rented office space and paid RM1,200 cash for the month of April. |
3 | Purchased of office equipment for RM30,000, paying RM8,000 cash and the balance to be paid in one year period. |
4 | Purchased office supplies for RM750 cash. |
8 | Completed services for a client and received RM2,700 cash for the services. |
15 | Completed services RM3,600 for a client on credit. |
20 | Received RM3,600 from a client for the work completed on 15 April. |
28 | Paid the office secretarys monthly salary, RM1,200 cash. |
30 | Adib withdrew RM2,000 for his personal use. |
You are required to:
- Show the effects of the above transactions on the accounting equation;
Asset = Liability + Equity.
- Calculate the ending balance of each account in (a) and the total of the accounting equation.
c) Prepare the journal entries to record all the above transactions
d) Prepare the trial balance as at 30 April 2021.
Please do it according yyour own words and not copy other helper answer. Please answer allquestions as they are from one subpart. Please write in detail for better understanding. Will upvote your effort with multiple account
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