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You only need to draw 3 columns, and fill the numbers Only one question!!!! I'll rate immediately Below are the transactions of Darren Electric Shop
You only need to draw 3 columns, and fill the numbers
Only one question!!!!
I'll rate immediately
Below are the transactions of Darren Electric Shop for the month of March 2021. No Transactions Effect on Assets Liabilities Equity Example Commission received, RM200 Increase Increase 1 March The owner started business with RM550,000 cash. 3 March Purchased goods from supplier on credit amounting RM300,000 4 March Sold goods on credit to Sofia worth RM6,500. 10 March Bought furniture on credit from HomePro Bhd. worth RM14,000. 12 March Paid general expenses RM400 by cash. 14 March The owner brought in his car valued at RM42,000 into the business. 16 March The owner took a microwave oven worth RM300 for his personal use. 19 March Received a loan of RM200,000 from CIMB Bank. 20 March Paid electricity bill RM225 by cheque to Tenaga Nasional Bhd. 31 March Paid to staff salary by cheque amounting to RM25,600. Required: Complete the above columns to show the effects (Increase/Decrease) of the transactionsStep by Step Solution
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