General JournalILLUSTRATION 1The following is example of journal entries,Transaction 1Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 12010.Transaction 2On 3rd January 2010, ME Services bought supplies for cash of $3,000.Transaction 3Purchase supplies for credit of $5, 000 on 5th January from a supplier.Transaction 4ME Services bought equipment by cheque of $35,000 on 15th January.Transaction 5Paid salaries expense by cash to the workers on 25th January.Transaction 6ME services receives payment of RM5,000 from the customer 26th January forconsulting services on new motorboat engines.Transaction 7The owner withdraws $500 cash from business account for personal use onJanuary 30.

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General Journal ILLUSTRATION 1 The following is example of journal entries, Transaction 1 Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 1 2010. Transaction 2 On 3rd January 2010, ME Services bought supplies for cash of $3,000. Transaction 3 Purchase supplies for credit of $5, 000 on 5th January from a supplier.

General Journal ILLUSTRATION 1 The following is example of journal entries, Transaction 1 Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 1 2010. Transaction 2 On 3rd January 2010, ME Services bought supplies for cash of $3,000. Transaction 3 Purchase supplies for credit of $5, 000 on 5th January from a supplier.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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