account_circle BusinessAccountingQ&A LibraryAccording to the list items below, tick (√) either the debit column or credit column based to which side of the trial balance you would expect the item to appear. Items DEBIT CREDIT Office Equipment Creditors Insurance Cash Rent payable Debtors Sales Rent receivable Drawings Motor vehicles Loan from CAMB Bhd. Capital Wages Premises Carriage inwards QuestionThe following balances were extracted from Gerut Trading as at 31 December 2019. Items RM Cash in hand 1,000 Sales 200,000 Purchases 80,000 Land and Building 300,000 Creditors 60,000 Salaries 28,000 Capital 101,000 Bank 10,000 Machinery 150,000 Debtors 30,000 Stock 12,000 Loan 250,000 According to the list items below, tick (√) either the debit column or credit column based to which side of the trial balance you would expect the item to appear. Items DEBIT CREDIT Office Equipment Creditors Insurance Cash Rent payable Debtors Sales Rent receivable Drawings Motor vehicles Loan from CAMB Bhd. Capital Wages Premises Carriage inwards Record the following transaction in the appropriate journal, ledger accounts, balance off the accounts and prepare trial balance as at 31 January 2020. Jan 1 Started business with RM2,000 cash 5 Purchased goods on credit RM1,000 10 Sold goods on credit RM800 15 Bought furniture by cash RM400 20 Received cheque from debtor RM800 25 Cash sales RM200 31 Paid salary by cash RM300 Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole trader: Feb 1 Started business with RM12,000 cash 2 Bought goods on credit from Shahirah RM1,000 3 Paid rent by cash RM200 4 Paid RM11,000 of the business cash into the business bank account 6 Sold goods on credit to Tini RM600 7 Bought stationery by cheque RM50 11 Cash sales RM100 14 Returned goods to Shahirah RM150 15 Sold goods on credit to Tinggasamy RM1,200 18 Goods returned by Tini RM45 23 Paid Shahirah by cheque RM850 25 Cash purchases RM250 27 Received cheque from Tinggasamy RM500 28 Received commission by cash RM100 Required: Record all the transaction in the general journal (with narration) Record the transaction in the appropriate ledger accounts and balance all the account Prepare the trial balance as at 28 February 2020 Record the following transactions for the month of November 2020 in the general journal and post to the appropriate ledger account and balance all the accounts the prepare the trial balance as November 2020. Nov 1 Started business with RM6,000 in the bank 2 Bought goods on credit from Ab Bhd RM 390 and XY Trading RM710 5 Cash sales RM240 7 Paid rent by cheque RM30 9 Paid sundry expenses by cheque RM200 11 Sold goods on credit to Mina RM80 and Chee RM1,150 16 Paid wages by cash RM45 18 Returned goods to AB Bhd RM20 and XY Trading RM35 19 Goods returned by Mina RM10 and Chee RM50 21 Bought motor van on credit from Tan Ching Motor RM8,000 24 Paid AB Bhd RM250 and XY Trading RM400 by cheque 27 Received a loan of RM500 cash from Aman 29 Received a cheque from Mina RM70 and Chee RM600 30 The owner deposited a further RM1,000 into a business bank account

Question

account_circle BusinessAccountingQ&A LibraryAccording to the list items below, tick (√) either the debit column or credit column based to which side of the trial balance you would expect the item to appear.     Items  DEBIT    CREDIT Office Equipment     Creditors      Insurance     Cash     Rent payable     Debtors     Sales     Rent receivable     Drawings     Motor vehicles     Loan from CAMB Bhd.     Capital     Wages     Premises     Carriage inwards QuestionThe following balances were extracted from Gerut Trading as at 31 December 2019.  Items RM Cash in hand  1,000 Sales  200,000 Purchases  80,000 Land and Building  300,000 Creditors 60,000 Salaries  28,000 Capital  101,000 Bank  10,000 Machinery 150,000 Debtors  30,000 Stock 12,000 Loan  250,000  According to the list items below, tick (√) either the debit column or credit column based to which side of the trial balance you would expect the item to appear.   Items DEBIT   CREDIT Office Equipment   Creditors   Insurance   Cash   Rent payable   Debtors   Sales   Rent receivable   Drawings   Motor vehicles   Loan from CAMB Bhd.   Capital   Wages   Premises   Carriage inwards    Record the following transaction in the appropriate journal, ledger accounts, balance off the accounts and prepare trial balance as at 31 January 2020.  Jan 1 Started business with RM2,000 cash 5 Purchased goods on credit RM1,000 10 Sold goods on credit RM800 15 Bought furniture by cash RM400 20 Received cheque from debtor RM800 25 Cash sales RM200 31 Paid salary by cash RM300  Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole trader:  Feb 1 Started business with RM12,000 cash 2 Bought goods on credit from Shahirah RM1,000 3 Paid rent by cash RM200 4 Paid RM11,000 of the business cash into the business bank account 6 Sold goods on credit to Tini RM600 7 Bought stationery by cheque RM50 11 Cash sales RM100 14 Returned goods to Shahirah RM150 15 Sold goods on credit to Tinggasamy RM1,200 18 Goods returned by Tini RM45 23 Paid Shahirah by cheque RM850 25 Cash purchases RM250 27 Received cheque from Tinggasamy RM500 28 Received commission by cash RM100 Required: Record all the transaction in the general journal (with narration) Record the transaction in the appropriate ledger accounts and balance all the account Prepare the trial balance as at 28 February 2020  Record the following transactions for the month of November 2020 in the general journal and post to the appropriate ledger account and balance all the accounts the prepare the trial balance as November 2020.  Nov 1 Started business with RM6,000 in the bank 2 Bought goods on credit from Ab Bhd RM 390 and XY Trading RM710 5 Cash sales RM240 7 Paid rent by cheque RM30 9 Paid sundry expenses by cheque RM200 11 Sold goods on credit to Mina RM80 and Chee RM1,150 16 Paid wages by cash RM45 18 Returned goods to AB Bhd RM20 and XY Trading RM35 19 Goods returned by Mina RM10 and Chee RM50 21 Bought motor van on credit from Tan Ching Motor RM8,000 24 Paid AB Bhd RM250 and XY Trading RM400 by cheque 27 Received a loan of RM500 cash from Aman 29 Received a cheque from Mina RM70 and Chee RM600 30 The owner deposited a further RM1,000 into a business bank account

Accepted Answer

As posted multiple independent questions we are answering only first question kindly repost the…

Items	RM
Cash in hand	1,000
Sales	200,000
Purchases	80,000
Land and Building	300,000
Creditors	60,000
Salaries	28,000
Capital	101,000
Bank	10,000
Machinery	150,000
Debtors	30,000
Stock	12,000
Loan	250,000

Items	DEBIT	CREDIT
Office Equipment
Creditors
Insurance
Cash
Rent payable
Debtors
Sales
Rent receivable
Drawings
Motor vehicles
Loan from CAMB Bhd.
Capital
Wages
Premises
Carriage inwards

Jan 1	Started business with RM2,000 cash
5	Purchased goods on credit RM1,000
10	Sold goods on credit RM800
15	Bought furniture by cash RM400
20	Received cheque from debtor RM800
25	Cash sales RM200
31	Paid salary by cash RM300

Feb 1	Started business with RM12,000 cash
2	Bought goods on credit from Shahirah RM1,000
3	Paid rent by cash RM200
4	Paid RM11,000 of the business cash into the business bank account
6	Sold goods on credit to Tini RM600
7	Bought stationery by cheque RM50
11	Cash sales RM100
14	Returned goods to Shahirah RM150
15	Sold goods on credit to Tinggasamy RM1,200
18	Goods returned by Tini RM45
23	Paid Shahirah by cheque RM850
25	Cash purchases RM250
27	Received cheque from Tinggasamy RM500
28	Received commission by cash RM100

Nov 1	Started business with RM6,000 in the bank
2	Bought goods on credit from Ab Bhd RM 390 and XY Trading RM710
5	Cash sales RM240
7	Paid rent by cheque RM30
9	Paid sundry expenses by cheque RM200
11	Sold goods on credit to Mina RM80 and Chee RM1,150
16	Paid wages by cash RM45
18	Returned goods to AB Bhd RM20 and XY Trading RM35
19	Goods returned by Mina RM10 and Chee RM50
21	Bought motor van on credit from Tan Ching Motor RM8,000
24	Paid AB Bhd RM250 and XY Trading RM400 by cheque
27	Received a loan of RM500 cash from Aman
29	Received a cheque from Mina RM70 and Chee RM600
30	The owner deposited a further RM1,000 into a business bank account