Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using t-account to record it: Jan 1 Company borrow RM 10000 from bank in notable and annually interest is 6% Jan 2 Company receive RM

Using t-account to record it: Jan 1 Company borrow RM 10000 from bank in notable and annually interest is 6% Jan 2 Company receive RM 4000 in cash Jan 3 Prepaid rent of office RM 24000 annually Jan 4 Paid RM 50to Stars news for advertisement Jan 5 Purchased office equipment for RM 2400 in credit Jan 6 Paid RM 2000 for employee salaries monthly Jan 7 Paid RM 250 for electricity bills Jan 9 Enterprise participate in philanthropic activities Jan 9 Equipment depreciation RM 1200 annually Jan 11 Company has RM 1500 revenue from provide goods to the LB company Jan 11 Purchase raw material RM 300 in cash Jan 12 The company buy insurance of RM 600 annually for each employee. Jan 13 Purchase RM 3600 to buy a machine in credit Jan 15 The company decided to hold staff activities Jan 16 Selling RM1000 shares to an investor Jan 18 Provide worth RM 800 worth of service to customers in credit Jan 18 The human resources department decides to recruit employees Jan 19 Company hire some temporary workers and paid RM 500 in credit. Jan 20 Paid RM 3000 to buy Chali company stock in credit. Jan 21 The company donated 500 masks to the medical staff Jan 22 Company spent RM1500 on credit to decorating office Jan 25 The company spends 500 on customer surveys Jan 26 The company decided to organize a staff party Jan 28 Company paid RM 600 to develop own website in credit. Jan 30 Company paid RM 10000 to bank in notable and paid interest RM 50

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

Business Accounting

Authors: Jill Collis, Andrew Holt, Roger Hussey

3rd Edition

113752149X, 9781137521491

More Books

Students also viewed these Accounting questions

Question

Does this value make me feel good about myself?

Answered: 1 week ago