Please prepare the double entry for the following transactions: DateTransactionsDec-19Mr Lee Ah Kaw contributed RM 30,000 cash, bank RM 40,000 and a premise worth RM 30,000 to the business2Bought furnitures from Jaya Trading by credit worth RM 5,0002Bought books and stationeries on cash worth RM 8,000 from Mountain Sdn Bhd3Purchased merchandise on credit RM 3,500 from Abu Publishers5Mr Lee Ah Kaw took 5 books worth of RM 100 from his business and gave to his nephew6Bought a van worth RM 10,000 from Asia Vehicle Sdn. Bhd. by loan7Sold books and stationeries on credit to Raya Bookshop worth RM 5,5008.Paid RM350 cash for flyers9Pay utilities cash RM 3009Returned damaged merchandise to Abu Publishers worth RM 50010Sold books for cash RM 7,00011Paid Abu Publishers for purchases on December 4 by cash12Owner took RM500 from cash for personal use13Paid Jaya Trading total of the bill using cheque14Raya Bookshop returned damaged books worth RM 1,50015Paid to Instagram worth rm 100 on credit for online advertisement16Received cheque from Raya Bookshop after deducting 5% of cash discount17Returned damaged books and stationeries to Mountain Sdn Bhd worth RM 2,30018Paid wages worth RM 2,400 to Ali and Abu by cash19Bought office equipment using owner's cash worth RM 40020Purchased books from Jennifer Enterprise RM 9,000 by credit21Owner brought in further cash worth RM 10,000 into the business22Sold goods on credit to Alicia Trading worth RM2,50024Receive debit note RM50 from Alicia Trading for damage goods26Received payment from Alicia Trading28Paid all debt by cheque to Jennifer Enterprise and received 10% cash discount29Deposited RM2,000 of cash into the bank account30Owner received rent RM 500 by cheque for half of shoplot rented31Owner received commission by cash RM 300

A double-entry system has a dual effect that is two accounts are taken into effect. Journal is a…

ес-19 Mr Lee Ah Kaw contributed RM 30,000 cash, bank RM 40,000 and a premise worth RM 30,000 to the busines Bought furnitures from Jaya Trading by credit worth RM 5,000 2 Bought books and stationeries on cash worth RM 8,000 from Mountain Sdn Bhd 3 Purchased merchandise on credit RM 3,500 from Abu Publishers 5 Mr Lee Ah Kaw took 5 books worth of RM 100 from his business and gave to his nephew 6. Bought a van worth RM 10,000 from Asia Vehicle Sdn. Bhd. by loan 7 Sold books and stationeries on credit to Raya Bookshop worth RM 5,500 2.

ес-19 Mr Lee Ah Kaw contributed RM 30,000 cash, bank RM 40,000 and a premise worth RM 30,000 to the busines Bought furnitures from Jaya Trading by credit worth RM 5,000 2 Bought books and stationeries on cash worth RM 8,000 from Mountain Sdn Bhd 3 Purchased merchandise on credit RM 3,500 from Abu Publishers 5 Mr Lee Ah Kaw took 5 books worth of RM 100 from his business and gave to his nephew 6. Bought a van worth RM 10,000 from Asia Vehicle Sdn. Bhd. by loan 7 Sold books and stationeries on credit to Raya Bookshop worth RM 5,500 2.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 3AP

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