Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

typing please Nabil Design & Co began its operations and completed the following transactions in September 2021: Sep-21 01 Nabil contributed RM85,000 as the business

typing please
Nabil Design & Co began its operations and completed the following transactions in September 2021:
Sep-21
01
Nabil contributed RM85,000 as the business capital, in cash.
03
Purchased office supplies on credit RM831.
07
Performed consulting service for a client, Chan Cafe Sdn Bhd on account, RM5,600.
08
Paid office rental at RM 1,800
11
Paid for a computer for RM4,650. The equipment is expected to remain in service for 5 years.
15
Performed consulting service for a client and received cash payment of RM2,100.
16
Purchased three tablets for the designer on account, RM1,200 each - from Orange Sdn Bhd
18
Paid utilites expenses, RM115.
20
Received RM5,600 in advance for a service to be performed in the future from a client, Mrs Khan.
22
Paid RM450 for the office supplies on account.
28
Hired a new assistant with a salary of RM1,200 - salary to be paid on 15th day of each month.
29
Collected RM2,520 for the service performed for Chan Cafe Sdn Bhd.
30
Nabil withdrew RM2,300 from the business.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Ethics

Authors: Ronald F. Duska, Brenda Shay Duska, Kenneth Wm. Kury

3rd Edition

1119118786, 9781119118787

More Books

Students also viewed these Accounting questions

Question

When do you think a hiring decision will be made?

Answered: 1 week ago