Record the following transactions in columnar form to show the effect on accounting equation Date 2020...
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Record the following transactions in columnar form to show the effect on accounting equation Date 2020 Jan 1 2 5 6 Bought office equipment for RM2,000 by cash 15 Sold goods on credit worth RM4,000 to Azan. 11 Took cash RM40 for personal use Darren started its business with cash in hand RM75,000. Bought second hand car worth RM45,000 on credit from Khoo Motors. Cash sales RM3,000. 18 Commission received RM200. 28 Paid rent RM500, wages RM900 dan electricity RM100 by cash 30 Received cash from Azan RM4,000. 30 Borrowed RM15,000 from Bank Dooit. DATE Jan 1 Jan 2 Jan 5 Jan 6 Jan 11 Jan 15 Jan 18 Jan 28 Jan 30 Balance Cash in Motor Office hand Vehicle Equipment +75000 +3000 -2000 -4000 -40 +200 -500 -900 -100 Assets +70660 +45000 +45000 +2000 +2000 Trade receivable -Azan +4000 Bank +4000 +4000 Liabilities Bank Dooit Khoo Motors +4000 +4000 +45000 +45000 Capital-Drawings +75000 +74960 Owner's equity Profit/Loss (Income- Expenses) +3000 Sales +4000Sales +200 Commision received -500 rent -900 wages -100 electricity +5700 Record the following transactions in columnar form to show the effect on accounting equation Date 2020 Jan 1 2 5 6 Bought office equipment for RM2,000 by cash 15 Sold goods on credit worth RM4,000 to Azan. 11 Took cash RM40 for personal use Darren started its business with cash in hand RM75,000. Bought second hand car worth RM45,000 on credit from Khoo Motors. Cash sales RM3,000. 18 Commission received RM200. 28 Paid rent RM500, wages RM900 dan electricity RM100 by cash 30 Received cash from Azan RM4,000. 30 Borrowed RM15,000 from Bank Dooit. DATE Jan 1 Jan 2 Jan 5 Jan 6 Jan 11 Jan 15 Jan 18 Jan 28 Jan 30 Balance Cash in Motor Office hand Vehicle Equipment +75000 +3000 -2000 -4000 -40 +200 -500 -900 -100 Assets +70660 +45000 +45000 +2000 +2000 Trade receivable -Azan +4000 Bank +4000 +4000 Liabilities Bank Dooit Khoo Motors +4000 +4000 +45000 +45000 Capital-Drawings +75000 +74960 Owner's equity Profit/Loss (Income- Expenses) +3000 Sales +4000Sales +200 Commision received -500 rent -900 wages -100 electricity +5700
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Date Jan 1 2 5 01 5 15 11 18 28 30 30 Assets Cash RM75000 C... View the full answer
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
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