Q1: Below transactions from KLCC company. 2nd Jan 2019 KLCC sold goods (33,000) to Nizwa Company by cheque. 4th, Jan 2019 KLCC bought goods (14,000) from Penang company on time. 6th, Jan 2019 KLCC pay insurance (5000) by cash. 7th, Jan 2019 KLCC received (10,000) from Nizwa company by cheque. 8th, Jan 2019 KLCC bought Van (22,000) by cheque. Req: Prepare journal entries and T accounts.
Q1: Below transactions from KLCC company. 2nd Jan 2019 KLCC sold goods (33,000) to Nizwa Company by cheque. 4th, Jan 2019 KLCC bought goods (14,000) from Penang company on time. 6th, Jan 2019 KLCC pay insurance (5000) by cash. 7th, Jan 2019 KLCC received (10,000) from Nizwa company by cheque. 8th, Jan 2019 KLCC bought Van (22,000) by cheque. Req: Prepare journal entries and T accounts.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 5PA: Review the following transactions, and prepare any necessary journal entries. A. On July 16, Arrow...
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Q1: Below transactions from KLCC company.
2nd Jan 2019 KLCC sold goods (33,000) to Nizwa Company by cheque.
4th, Jan 2019 KLCC bought goods (14,000) from Penang company on time.
6th, Jan 2019 KLCC pay insurance (5000) by cash.
7th, Jan 2019 KLCC received (10,000) from Nizwa company by cheque.
8th, Jan 2019 KLCC bought Van (22,000) by cheque.
Req: Prepare journal entries and T accounts.
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