Record the following transactions for the month of November 2022 into the journal and ledgers and...

 

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Record the following transactions for the month of November 2022 into the journal and ledgers and prepare a trial balance as at 30 November 2022: Nov, 01 Started business with RM160,000 in the bank. 02 05 Bought goods on credit from Seri Anjung, RM13,900 and Tanjung Tasek, RM7,100. Cash sales to Walid & Co. worth, RM9,400. Paid rent expenses by cheque RM3,800. Paid sundry expenses by cheque RM2,900. Sold goods on credit to Teratai & Co, and Saujana Impian, RM15,700 and RM10,100 respectively. 16 Paid wages by cash RM8,400. 18 Returned goods to Seri Anjung and Tanjung Tasek, RM980 and RM500 respectively. 19 Goods were returned to the business by Teratai & Co, RM1,700. 21 Bought a delivery van on credit from Sedayaupaya Motors worth, RM165,000. 24 Paid cheque to Seri Anjung worth RM10,000 and cash to Tanjung Tasek amounted to RM5,000. Received a loan of RM15,500 cash from Al-Amin Finance Institute. Received cheques from Teratai & Co. and Saujana Impian worth RM13,900 and RM9,600 respectively. The balance of Saujana Impian will be considered as discount. 30 The owner deposit a further RM15,000 into the business bank account. 07 09 11 27 29 Record the following transactions for the month of November 2022 into the journal and ledgers and prepare a trial balance as at 30 November 2022: Nov, 01 Started business with RM160,000 in the bank. 02 05 Bought goods on credit from Seri Anjung, RM13,900 and Tanjung Tasek, RM7,100. Cash sales to Walid & Co. worth, RM9,400. Paid rent expenses by cheque RM3,800. Paid sundry expenses by cheque RM2,900. Sold goods on credit to Teratai & Co, and Saujana Impian, RM15,700 and RM10,100 respectively. 16 Paid wages by cash RM8,400. 18 Returned goods to Seri Anjung and Tanjung Tasek, RM980 and RM500 respectively. 19 Goods were returned to the business by Teratai & Co, RM1,700. 21 Bought a delivery van on credit from Sedayaupaya Motors worth, RM165,000. 24 Paid cheque to Seri Anjung worth RM10,000 and cash to Tanjung Tasek amounted to RM5,000. Received a loan of RM15,500 cash from Al-Amin Finance Institute. Received cheques from Teratai & Co. and Saujana Impian worth RM13,900 and RM9,600 respectively. The balance of Saujana Impian will be considered as discount. 30 The owner deposit a further RM15,000 into the business bank account. 07 09 11 27 29

Answer rating: 100% (QA)

Journal Entries Date Account Debit Credit Nov 01 Bank AC 160000 Capital AC 160000 Nov 02 Purchases AC 13900 Seri Anjung AC 13900 Nov 02 Purchases AC 7100 Tanjung Tasek AC 7100 Nov 05 Cash AC 9400 Sale... View the full answer