June 1 The owner introduced additional capital to the business : cash RM 20,000 and bank RM
Question:
June | |
1 | The owner introduced additional capital to the business : cash RM 20,000 and bank RM 30,000 |
5 | Received cash of RM 8,000 from debtor Mr Ali |
9 | Paid worker’s salaries of RM 20,000 by cheque |
13 | Paid RM 5,000 to creditor, Elias Enterprise by cheque |
16 | Cash sales of RM 25,000 |
19 | Paid advertising expenses of RM 3,000 |
20 | Credit sales to Rajesh RM 1,500 |
24 | Credit sales to Ms Raihana RM 3,000 |
26 | The owner took out cash of RM 2,000 for his personal use |
28 | Purchased additional machine RM 30,000 from ELBA Sdn Bhd by credit |
Based on the information given,
a. Prepare journal entries for the above transactions.
. “X” refers to the collection of accounts in which account transactions are recorded. Describe the "X" accoun
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill