1. Record the following transaction in the appropriate journal, ledger accounts and balance off the accounts at 30 September 2020. Sept 3 Bought goods on credit for RM846 from Labu Enterprise 6 Sold goods for cash of RM73 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit for RM380 13 Karas Sdn Bhd returned goods to Labu Enterprise worth RM143 17 Returned goods to Labu Enterprise worth RM83 20 Received cheque for RM60 from Karas Sdn Bhd on acount 24 Bought office furniture by cheque for RM365 27 Sent cheque to Labu Enterprise in settlement of account 29 Sold goods to Sakun Enterprise on credit fro RM412

Q: Minimart business has the following transactions for the month of May 2019. 11- Sold goods and…

A: Amount transferred to Total column of Cash receipts book = Sold goods and received cash + Received…

Q: n January 01, 2020 Kitkat Company, Inc. establishes a branch in Buang. During the year, Kitkat Inc.…

A: Branch accounting is a bookkeeping approach that keeps separate accounts for each of an…

Q: The below information is related to the business of Abbas Traders during the month of March 2021.…

A: A journal entry is used to record day-to-day transactions of the business by debiting and crediting…

Q: Co. for $ 6,290 cash. The cost of the merchandise sold was $ 4,760. 3 Purchased merchandise for…

A: When an entity receives cash from an external source, such as a client, an investor, or a bank, it…

Q: Record the following transaction in the appropriate account: Transaction Started business with cash…

A: A journal is a primary book where the transactions are originally recorded. Further, a journal entry…

Q: The following transactions were completed by Ronaldo during the month of June 2016. 01 Commenced…

A: Trial balance is a statement showing the summary accounts and their balances on a given date.…

Q: 1. Record the following transaction in the appropriate journal, ledger accounts and balance off the…

A: Journal entries in the books of ---- (amount in RM) Date Particulars LF Debit amount Credit…

Q: From the following particulars of Al Zahra LLC for the year 2019, a. Al Zahra LLC. sold goods to…

A: For preparing the journal entries following calculations are done:- Note 1: Particulars Total…

Q: Trading company Andin in September 2020, recorded the following transactions: Date Information…

A: Special Journal There is much difference in the General journal entry and the special journal entry.…

Q: Oct 2 Bought goods from Siti Enterprise on credit for RM480 6 Sold goods an credit to Kiki…

A: Trial balance shows the list of ledger accounts along with their balance posting on either side of…

Q: Enter the following transaction in the main ledger accounts of Atif & Co and extract a trial balance…

A: In the above question we have asked to prepare Main Ledgers and Trial balance of Atif & Co.…

Q: 2020 January 1 Owner started business with Cash OMR Bought Stationary for Cash OMR 5,000. Bought…

A: As per our protocol we provide solution to one question only and in your question there are multiple…

Q: ournalise the following transactions and post them into Ledger:  2006  September 1 -Started…

A: JOURNAL ENTRIES     SL Date Particulars Dr. Cr.             01-Sep Cash  50000       To,…

Q: 2. Below are the transactions for the month of October 2020 of Mrs Rose, a sole trader: Oct 2 Bought…

A: Journal entry: It is also called as book of original entry. It is used to record a financial…

Q: Question 1. Record the following transaction in the appropriate journal, ledger accounts and balance…

A: Journal entry records the transactions and transferred the amount to their respective ledgers and in…

Q: The following transactions were completed by Ronaldo during the month of June 2016. 01 Commenced…

A: As posted multiple questions we are answering only first question. Kindly repost the unanswered…

Q: 3. The following was the trial balance extract from ABC Trading as at 31 March 2019. DEBIT (RM)…

A: Financial statements are prepared by businesses to calculate the profit and loss. It reflects the…

Q: Record them in the Pats journal and ledger accounts and compile a trail balance.

A: Accounting is the process of recording financial transactions that are material to the business. It…

Q: Below were transactions for the month of August 2021 for Andalas Enterprise. August Started business…

A: According to the accounting equation: Assets = Liabilities + Owner's Equity

Q: Gear Company’s accounts payable balance at December 31, 2021 was P1,100,000 before considering the…

A: Accounts payable is amount due to suppliers for purchase of goods and…

Q: The following transactions were completed by Ronaldo during the month of June 2016. 01 Commenced…

A: Since the student has posted multiple requirements, we shall answer the first one alone. Thank you

Q: following are transaction for Bargain Traders for the month of June 2020.   Date   2020…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 2. RST company's transaction during the month of May, 2021 are as follows: (Assume the company is a…

A: The balance of VAT payable would increase on sales and reduce by VAT paid on purchases. The…

Q: The following transactions were completed by Ronaldo during the month of June 2016. 01 Commenced…

A: General Ledger Definition: Trail Balance Definition:

Q: Sunshine Enterprise owns a small furniture shop in SS15, Subang. The following transactions were…

A: Journal means the book of prime entry where all entries are recorded in different pages. Ledger…

Q: Solo traders has the following transactions for the month of February 2019: 9- Goods purchased and…

A: Cash payment book balance for the month of February 2019 = Goods purchased + Paid salaries + Payment…

Q: On April 1, the ledger of Tamara shop showed Cash $3,000, Inventory $4,000, and Owner’s Capital…

A: The periodic inventory system is an inventory system in which all transactions related to inventory…

Q: PLEASE SHOW SOLUTIONS IN GOOD ACCOUNTING FORM.   6. On January 01, 2020 Kit Company, Inc.…

A: The question is related to Branch Accounting. The details are given regarding the same.

Q: The following is the transaction of the trading company "Mars" in December 2020 • On 2 December 2020…

A: The transactions for sale and purchase of merchandise are to be recorded in the General Journal.

Q: Minimart business has the following transactions for the month of May 2019. 11- Sold goods and…

A: Amount ransferred to Total column of Cash receipts book = Sold goods and received cash + Received…

Q: 3. The following is the trial balance of Aroro Enterprise as at 31 August 2019 Particulars Debit…

A: Statement of Profit and Loss is a part of financial statement that shows the profits earned or…

Q: The following transactions were completed by Ronaldo during the month of June 2016. 01 Commenced…

A: General Ledger account refers to the accounts which are prepared in the books, the amounts for which…

Q: answer. A company had the following transactions during December: 12/1/2020 - Sold merchandise on…

A: Journal entries are the recording of transactions in the accounting format which helps to prepare…

Q: 2020 Sept 1 Owner started business by bringing in his used van costing RM 45,000 and cash amounting…

A: Journal Entry means recording of transactions of an entity in chronological manner.    Ledger…

Q: R. Crane Co. uses special journals and a general journal. The following transactions occurred during…

A: In a cash receipts journal, we record only cash receipts. In a cash payments journal, we record cash…

Q: The company bought goods worth RO. 15000.  For cash RO. 8000 and the balance on credit. Which of the…

A: Liabilities refer to the amount which is owed to outsiders. When a sum of money is borrowed, then it…

Q: 3. The following is the trial balance of Aroro Enterprise as at 31 August 2019 Particulars Debit…

A: Financial statement: Financial statements are organized summaries of detailed information about the…

Q: prepare a financial statement?  2020 January 1 owner started business with cash OMR. _______…

A:

Q: 3. The following is the trial balance of Aroro Enterprise as at 31 August 2019 Particulars Debit…

A: Answer:

Q: 1. Record the following transaction in the appropriate journal, ledger accounts and balance off the…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: Journalise the following transactions in the books of Mr.K: 2020 March 01-Sold goods on credit  to…

A: Journal entries are used to record accounting transactions of the business and involves an debit…

Q: choose the correct answer    If the ending balance of accounts payable is ₱100,000 and the total…

A:

Q: Date Account title $ May5 Dr.________ ___ Cr.______ ___ Date Account title $ May 8 Dr.________ ___…

A: Journal Entry is the Primary recording of business transactions in the books of accounts.

Q: asah Sdn Bhd started its business in May 2020. Following is the business transactions for May 2020:…

A: Journal entries in the accounting books is the primary record that is to be maintained in order to…

Q: November 2019 Details Purchased goods worth RM 2,000 from Mini Market on credit. Some of the damaged…

A: Accounting Equation has to be considered as the origination of double entry system. Under this…

Q: Enter the following transaction in the ledger accounts and balance them October 2020:         1…

A: Trial Balance is prepared to check whether the account's balance or not.

Q: 8 The following Trial Balance was extracted from the books of Tom Nik Trading, a wholesaler as at 31…

A: Trial balance is before adjustments. So, first we need to record adjustments and make adjusted trial…

Q: Make the analysis of the following transactions and record them in various accounts by applying the…

A: Accounting Equation- Accounting Equation is an equation that shows entity assets are always equal to…

Q: 8 The following Trial Balance was extracted from the books of Tom Nik Trading, a wholesaler as at 31…

A: 1. Income Statement 2. Balance Sheet   The first statement shows the income earned and loss incurred…

Q: 1. Record the following transaction in the appropriate journal, ledger accounts and balance off the…

A: Journal entries are the recording of the transactions in the books so as to maintain a proper record…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is