a) Mrs Elainna, a sole proprietor started her business on 1 January 2017. Given below are...

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a) Mrs Elainna, a sole proprietor started her business on 1 January 2017. Given below are the business transactions for the month of January 2017: 1 2 3 4 5 7 11 15 20 28 Mrs Elainna contributed RM150,000 cash to start her business. Bought a computer RM3,000. Bought office furniture RM5,500 by cheque. Purchased goods worth RM3,700 from Alex Berhad, paid by cheque RM2,000 and balance to be paid next month. Paid advertising expense of RM350 by cash. Rajan, a customer bought goods amounted to RM2,000 and paid through online banking. Mrs Elainna took out cash of RM200 for her personal use. Rental received in advance RM4000 by cheque. Paid staff salary of RM1,400. Returned goods amounted to RM500 previously purchased from Alex Berhad. Required: Journalize the above transactions in General Journal form. Explanations are not required. (10 marks) a) Mrs Elainna, a sole proprietor started her business on 1 January 2017. Given below are the business transactions for the month of January 2017: 1 2 3 4 5 7 11 15 20 28 Mrs Elainna contributed RM150,000 cash to start her business. Bought a computer RM3,000. Bought office furniture RM5,500 by cheque. Purchased goods worth RM3,700 from Alex Berhad, paid by cheque RM2,000 and balance to be paid next month. Paid advertising expense of RM350 by cash. Rajan, a customer bought goods amounted to RM2,000 and paid through online banking. Mrs Elainna took out cash of RM200 for her personal use. Rental received in advance RM4000 by cheque. Paid staff salary of RM1,400. Returned goods amounted to RM500 previously purchased from Alex Berhad. Required: Journalize the above transactions in General Journal form. Explanations are not required. (10 marks)

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Journal entries for Elainna a sole proprietor for the month of January 2017 Da... View the full answer