Question
Zaharif sdn bhd is a newly established company which began its business operations on 10 April 2020. The company sells floor tiles and located in
Zaharif sdn bhd is a newly established company which began its business operations on 10 April 2020. The company sells floor tiles and located in Ipoh Perak. The transaction for the month of April is as follows:
DATE TRANSACTION
April 10 Started a business with RM500,000 cash and RM250,000 vehicle
11 Transferred RM400,000 cash into business bank account
13 Paid office rental deposit RM5,000 in cash
15 Bought office furniture RM10,000, computers RM8,000 and printers RM2,500 by cheque
17 Bought inventories RM135,000 by credit from Dewtch Floor Bhd
22 Sold inventories by credit to Jentayu Tinggi Ltd RM50,000
25 Sold inventories in cash to Mr Aqil RM13,000
28 Received cheque RM20,000 from Jentayu Tinggi
30 Paid salaries RM10,500 by cheque and RM850 utility bills by cash
1. Prepare Journal
2. Prepare Ledger
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