Question: Question 1 AHA 3814 Exercise Chapter 1 1. Write down the accounting equation. 2. Enter the following entries for TUYAI Cafe: a. Invested RMJSJOO cash

Question 1

$cash as capital 1\" Account 2'" Account o. Purchased fixtures and fittings$

AHA 3814 Exercise Chapter 1 1. Write down the accounting equation. 2. Enter the following entries for TUYAI Cafe: a. Invested RMJSJOO cash as capital 1\" Account 2'" Account o. Purchased fixtures and fittings worth \"19.855 1" Account 2" Account c. Purchased Inventory M13566 on credit 1\" Account 2" Account (I. Paid electricity bill M11555 1It Account 2'" Account e. Sales for the month was \"11,976 1" Acctiunt 2" Account 1'. Salaries incurred was IMAGES 1III Account 2" Account 3. Paid ciul: membership fees HMLHU 1" Account 2" Account h. Accounts Payable balance at the end of the month ls NAME?!) 1"II Account 2" Account 3. Prepare the company's Income Statement 4. Prepare the company's Statement of Owner's Equity 5. Prepare the company's Balance Sheet AHA 3814 Exercise Chapter 1 . Write down the accounting equation. Enter the following entries for Elsle's Boutique: a Started a business with RMZSJW cash in the bank 1\" Account 2" Account h Brought In a van worth RM20.000 Into the business 1" Account 2" Account 1:. Credit purchased of inventory worth RM10.500 1'1 Account 2" Account cl. Cash Sales for the month was. RM9,950 1' Account 2" Account e Paid accounts payable RM5,000 by cheque 1" Account 2'\" Account r. Credit Sales to Madam Joanna worth \"1,860 1' Account 2" Account 3 Rental payment RM3,000 by cheque 1\" Account 2" Account h. Paid house Astra hill RMSOO by cash 1" Account 2" Account Prepare the company's Income Statement Prepare the compaan Statement of Owner\"; Equity Prepare the company's Balance Sheet 1. Write down the accounting equation 2. Enter the following entries for Jenisah WASTrading (a) Started a business with RM 100,000 worth of premises. b) Obtained RM 50,000 business loan c) Transferred Rm 15,000 cash into the company's bank Account. d) Purchased machinery worth RM25,000 payment by cheque e) Credit sales RM 8500 f)Cash Sales RM 7500 (g) Office rental incurred Rm 2500, payment by cash h) A debtor paid RM 3500 by cheque 3. Prepare the company's income statement 4. Prepare the company's statement of owner's equity 5. Prepare the company's balance sheet

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