Question: Make a Trial balance from the given data Date Transactions 2 The owner Mr. Storm invested cash of RM80,000 into the business. 3 Purchase office
Make a Trial balance from the given data
Date | Transactions |
2 | The owner Mr. Storm invested cash of RM80,000 into the business. |
3 | Purchase office furniture costing RM10,000 on credit from Rai Deco Mart. |
4 | Bought goods amounting RM12,000 by cash from Smart Safe Trading. |
5 | Sold goods to Azu by cash RM1,500. |
6 | Mr. Storm brought in his personal used motor van for the business's use. The motor van was valued at RM42.000. |
7 | The owner also contributed additional capital of RM 2,000 into the bank account. |
8 | Mr. Storm took an electrical dough mixer worth RM200 for his personal use. |
9 | Sold goods to Narz on credit amounted to RM1,400. |
10 | Cash payment was made to Rai Deco to settle half the amount of debt related to the transaction on 3rd September. |
11 | A customer, Narz, returned some damaged goods amounted to RM380 purchased on 18 September. |
13 | Paid salaries amounting to RM3,200 by cheque. |
14 | RM40,000 cash and motor vehicle of RM50,000 were brought into the business. |
15 | Purchased goods worth RM 2,350 from Adam Market on credit. |
15 | Made cash sales worth RM500. |
18 | Some of the damaged goods worth RM150 were returned to Adam Market. |
20 | Sold goods to Banana Boat worth RM5,825 on credit. |
21 | Paid full amount to Adam Market on the purchased goods by cheque. |
22 | Purchased a coffee machine worth RM8,000 on credit from Sonia Sdn. Bhd. |
23 | Received damaged goods from Banana Boat with a value of RM412. |
28 | Paid utility bills amounted to RM 1,250 by cheque. |
30 | Miss Lala took RM200 cash and goods worth RM100 for her personal use. |
Step by Step Solution
3.47 Rating (157 Votes )
There are 3 Steps involved in it
Cash Debit Mr Storm invested cash RM80000 Calculation Total Debit RM80000 Total Credit None Balance Debit Credit RM80000 Bank Debit Owner contributed ... View full answer
Get step-by-step solutions from verified subject matter experts
