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
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
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 19EB: A business has the following transactions: A. The business is started by receiving cash from an...
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- 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
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