Please help Brought down assets worth $5000 consists $1000 cash , $3000 of machine that depreciate RM41.67 per month and $1000 inventory (consist of 100 pcs of bun and cookies)MayBought oven and mixer for business use by cash with $640 and $420 eachBought a set of tray for business uses for $420 by cashBought a set of sticker for business use for $458 by online bankingBought a set of jar for business use for $630 by cashBought cookies ingredients for $23 by cashBought bun ingredients for $42 by cashPaid facebook ads $50 using online bankingPaid an instafamous to do a story review $10 by online banking.Sold cookies for $100 online banking. Cost of the cookies is $50Sold bun $90 online banking. Cost of the buns is $30Bought cookies ingredients for $27 by cashBought buns ingredients for $23 by cashSold cookies for $100 online banking. Cost of the cookies is $50Sold bun $90 online bankingPaid internet bills $100 by online bankingBought parcel bag $20 and bubble wrap $50 for parcel packagingWithdrew $200 cash to pay for his brother medical billsPaid wages to staff $150 by cashPaid rent for a booth event at mall by $50 online bankingBought cookies ingredients for $100 by cash.Sold cookies for $700 by online banking. Cost of the cookies is $350111237791013171924272930Journalise and post to ledger May transactionsPrepare the trial balance end in May

A journal entry is used to record day-to-day transactions of the business by debiting and crediting…

Answered: Journalise and post to ledger May…

Business

Accounting

Journalise and post to ledger May transactions Prepare the trial balance end in May

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 26P

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A company purchased a building twenty years ago for $150,000. The building currently has an appraised market value of $235,000. The company reports the building on its balance sheet at $235,000. What concept or principle has been violated? A. separate entity concept B. recognition principle C. monetary measurement concept D. cost principle
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Rosie Flower's business has a capital balance of £76600 on 1 June 20X3. During the month of June the following transactions take place. Inventories purchased on credit for £3000 Sale of goods for cash of £3600. The goods had cost £2100. Receipt of bill for petrol for the month of June of £1200 Cash received from credit customers of £1500 Rosie takes goods which had cost £670 out of the business for her own use Payment of credit suppliers of £2600 What is the balance on the business's capital account at 30 June 20X3?
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