Mr Micheal is the owner of Takayama Bookstore Sdn Bhd. The transactions for the month of January
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Question:
Mr Micheal is the owner of Takayama Bookstore Sdn Bhd. The transactions for the month of January 2022 are as follow:
Date | Transactions |
Jan 1 | Mr Micheal contributed RM150,000 cash into the business. |
3 | Purchased goods from Calvin RM28,000 on credit. |
5 | Purchased stationary RM50 by cash. |
7 | Purchased machinery RM50,000 from Sumitomo Sdn Bhd by cheque and received 5% trade discount. |
9 | Sold goods on credit to Mr Kumar for RM30,000. |
13 | Paid utility bill RM230 by cash. |
15 | Returned goods RM4,000 to Calvin. |
17 | Owner withdrew RM200 from company bank account for his personal use. |
21 | Received commission RM150 by cash from Mega Trading. |
25 | Paid all debt by cheque to Calvin and received 5% cash discount. |
REQUIRED:
- Journalize (double entry) the above transactions of Takayama Bookstore Sdn Bhd for the month of January 2023.
Related Book For
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
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