N 2. Nicky's Enterprise has been established to sell kitchenware. Below are the transactions for Donny's...

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N 2. Nicky's Enterprise has been established to sell kitchenware. Below are the transactions for Donny's Enterprise for the month of November 2022. Transactions Date November 1 3 4 10 12 17 21 28 30 (a) i. (b) Nick invested RM80,000 cash in the bank. Purchased utensils from Vantage Sdn Bhd worth RM10,000 on credit. Pald rent by cheque for RM1,500. Sold utensils worth RM2,000 to Kedai Kita on credit. You are required to: the Returned a dozens of utensils worth RM2,500 to Vantage Sdn Bhd. Paid amount owed of RM5,000 to Vantage Sdn Bhd by cheque. Nick withdrew RM2,000 cash in bank for his personal use. Received a cheque amounting RM1,500 from Kedai Kita. Paid employees salary RM1,200 by cheque. Show the double entry transactions. (18 marks) Post the above transactions into the ledgers and balance off all accounts. (20 marks) Prepare a Trial Balance as at 30 November 2022. (7 marks) N 2. Nicky's Enterprise has been established to sell kitchenware. Below are the transactions for Donny's Enterprise for the month of November 2022. Transactions Date November 1 3 4 10 12 17 21 28 30 (a) i. (b) Nick invested RM80,000 cash in the bank. Purchased utensils from Vantage Sdn Bhd worth RM10,000 on credit. Pald rent by cheque for RM1,500. Sold utensils worth RM2,000 to Kedai Kita on credit. You are required to: the Returned a dozens of utensils worth RM2,500 to Vantage Sdn Bhd. Paid amount owed of RM5,000 to Vantage Sdn Bhd by cheque. Nick withdrew RM2,000 cash in bank for his personal use. Received a cheque amounting RM1,500 from Kedai Kita. Paid employees salary RM1,200 by cheque. Show the double entry transactions. (18 marks) Post the above transactions into the ledgers and balance off all accounts. (20 marks) Prepare a Trial Balance as at 30 November 2022. (7 marks)

Answer rating: 100% (QA)

a I Double Entry Transactions November 1 Cash Asset Dr 80000 Owners Equity Capital Cr 80000 Nick invested RM80000 cash in the bank November 3 Utensils ... View the full answer