Create your own business transactions for February 2021 including the business strategy in the transaction. The month
Question:
Create your own business transactions for February 2021 including the business strategy in the transaction.
The month of January from the following information relating to food and beverages business:
2021 January | Transactions |
1 | Started in business with RM40,000 in the bank and RM10,000 cash on hand |
2 | Brought in exercise equipment into the business amounting to RM20,000 |
2 | Purchased clothing fitness on credit from Indah Enterprise RM5,500. |
3 | Purchased beverages on credit from the following supplier:
|
5 | During the fitness opening day, received cash sales for membership on RM3,100 and cash sales on fitness clothing RM2,000. |
8 | Bought supply purchases for cash RM12,450. |
9 | Provide fitness coaching on credit to:
|
10 | Received invoices from:
|
13 | Provide warm-up and Zumba session on credit RM51,000 to Nestle Bhd for the “ Nestle Charity Run” event. |
13 | Fun & Fun Gym rent from us exercise equipment for RM2,000 and will pay on the following day. |
15 | Bought exercise equipment paid by cheque RM5,000 and the balance on credit from MasterSun Bhd RM7,400 |
17 | Issue a cheque to settle all the debts of Suffice Enterprise. |
18 | Received a credit note RM83 for goods returned to Maxx Enterprise for purchase on 10/1. |
21 | Paid MasterSun Bhd for the remaining balance by cheque. |
24 | Sekolah Sukan Bukit Jalil paid us by cheque for services dated January 9. |
27 | We returned goods to Indah Enterprise RM180. |
30 | Received cash RM10,000 from TEKUN as a short-term loan. |
30 | Collected membership fees amounted to RM4,100 and deposited to a bank account. |
31 | Paid electricity expenses RM4,000 and water expenses RM3,000 by cash. |
31 | Bought a furniture paying by cheque of RM6,250 |
Table is needed separate which is credit sales, credit purchase, cash in/out, purchase/sales return:
Additional information as of 31st January 2021: (Example: DR What CR What)
1. Wages for January, RM16,300 have not yet been paid.
2. Rental expenses paid RM3,000 in January included for the month of February
3. Increase the provision for doubtful debts to RM1,200
Modern Database Management
ISBN: 978-0133544619
12th edition
Authors: Jeff Hoffer, Ramesh Venkataraman, Heikki Topi