Complete the columns to show the effects (increase or decrease) of the following transactions on the assets, liabilities and capital of a business. Copy the table into your answer booklet. Effect Upon Assets Liabilities Capital a) Pay creditor RM100 in cash b) Bought machines RM200 by cheque c) Bought goods on credit RM300 d) The proprietor introduces RM500 cash into the firm e) A debtor pay us RM60 by cheque f) Bought furniture by cash RM500 g) Credit sales to Kasim RM200 |h) Owner took RM100 cash for his own use 1) Bought furmiture by cash D Introduce additional cash as capital

Complete the columns to show the effects (increase or decrease) of the following transactions on the assets, liabilities and capital of a business. Copy the table into your answer booklet. Effect Upon Assets Liabilities Capital a) Pay creditor RM100 in cash b) Bought machines RM200 by cheque c) Bought goods on credit RM300 d) The proprietor introduces RM500 cash into the firm e) A debtor pay us RM60 by cheque f) Bought furniture by cash RM500 g) Credit sales to Kasim RM200 |h) Owner took RM100 cash for his own use 1) Bought furmiture by cash D Introduce additional cash as capital

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...

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