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Credit b) State the double entry (debit/credit) for each of the following transactions Transactions Debit May 1 Started business with cash at bank amounted RM18,000
Credit b) State the double entry (debit/credit) for each of the following transactions Transactions Debit May 1 Started business with cash at bank amounted RM18,000 3 Paid office rental RM1,800 by cheque 5 Purchase office equipment by cheque RM1,700 10 Provide services worth RM3,000 on credit to Meta Bhd 15 Withdraw cash at bank for personal use RM450 18 Provide services and received cheque RM2,200 20 Paid water bill by cash RM60 24 Add additional investment into the business in cash RM3,000 27 Paid salary by cheque RM24 000 31 Received cash from Meta Bhd RM500 C) Following are the transactions for Bunga Raya Island Resort for the month of July 2021 July 1 Started business with cash at bank RM525.000 3 Paid insurance by cheque RM15,000 10 Provide services to Jasmine Berhad and received cash RM50,000 25 Provide services to Lilac Enterprise on credit worth RM45.000 30 Paid workers salary by cheque RM200,000 Required Prepare journal entries for the above transactions
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