Jan 1 2 3 5 7 9 MEME Enterprise is specialized in selling mini hand craft...

 

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Jan 1 2 3 5 7 9 MEME Enterprise is specialized in selling mini hand craft gifts. Following are the transaction for the month of Jan 2021: 12 15 19 21 23 25 26 28 30 Started business with cash at bank of RM 50,000. Purchased furniture and fixtures for RM25,000 on credit from Bebo Fumiture Purchased goods on credit for RM 3,000 from Mamu. Purchased 3 computers on credit for RM2,000 each from Hpp Enterprise. Sold 200 mini birthday card to Didi worth RM50 each and received cheque Sold 50 mini photo frames to Bella on credit worth RM150 each. Received loan worth RM10,000 from IOI Bank and it was banked in. Sold 1 bulk of mini diamond stone box worth RM1,500 and received cheque Returned 1 computer to Hpp Enterprise due to some hardware part damaged. Sold 250 mini candle stand to Mun Mun on credit worth RM20 each. Returned 15 mini photo frames by Bella due to damage mirror. Received cheque from Bella for the settlement and she allowed to get 2% discount. Paid shop rental worth RM2,000 by cheque. The MEME Enterprise owner withdrew RM1,000 for personal use. Paid Bebo Furniture the amount due and received 5% discount You are required to record the transaction above in the T-accounts and prepare the trial balance of MEME Enterprise at Jan 31, 2021. Jan 1 2 3 5 7 9 MEME Enterprise is specialized in selling mini hand craft gifts. Following are the transaction for the month of Jan 2021: 12 15 19 21 23 25 26 28 30 Started business with cash at bank of RM 50,000. Purchased furniture and fixtures for RM25,000 on credit from Bebo Fumiture Purchased goods on credit for RM 3,000 from Mamu. Purchased 3 computers on credit for RM2,000 each from Hpp Enterprise. Sold 200 mini birthday card to Didi worth RM50 each and received cheque Sold 50 mini photo frames to Bella on credit worth RM150 each. Received loan worth RM10,000 from IOI Bank and it was banked in. Sold 1 bulk of mini diamond stone box worth RM1,500 and received cheque Returned 1 computer to Hpp Enterprise due to some hardware part damaged. Sold 250 mini candle stand to Mun Mun on credit worth RM20 each. Returned 15 mini photo frames by Bella due to damage mirror. Received cheque from Bella for the settlement and she allowed to get 2% discount. Paid shop rental worth RM2,000 by cheque. The MEME Enterprise owner withdrew RM1,000 for personal use. Paid Bebo Furniture the amount due and received 5% discount You are required to record the transaction above in the T-accounts and prepare the trial balance of MEME Enterprise at Jan 31, 2021.

Answer rating: 100% (QA)

Record the transactions in the Taccounts and prepare the trial balance as of January 31 2021 TAccoun... View the full answer