1. Specialized journals (General Journal, Cash Receipt Journal, Cash Payment Journal, Sales Journal, Purchase Journal, Return outward...
Question:
1. Specialized journals (General Journal, Cash Receipt Journal, Cash Payment Journal, Sales Journal, Purchase Journal, Return outward Journal, Return Inward Journal)
2. Subsidiary ledgers account
3. Trial Balance
The following are the transactions for Hola Beauty Company for the month of January 2023:
Date | Transactions |
Jan1, 2023 | The owner started business of beauty cosmetic with cash of RM20,000. |
Jan1 | Hola Beauty bought furniture by cash of RM4,000 |
Jan2 | Hola Beauty bought equipment on credit from Ali of RM13,400. |
Jan 2 | Took loan from Maybank of RM10,000. |
Jan 3 | Purchased goods on credit from Rita of RM10,000. |
Jan 4 | Purchased goods on credit from Prevena Traders of RM6,000. |
Jan 5 | Returned damaged goods amounting RM1,200 to Ali purchased on January 2. |
Jan 8 | Sold goods on credit to Noraliza Trading of RM5,000 |
Jan 8 | Sold goods on credit to Ayesha of RM1,000. |
Jan 9 | Sold goods on credit to Afeeqa of RM2,000. |
Jan 11 | Sold goods to Taylor Trading by cash of RM20,000 |
Jan 14 | Receive returned damaged goods by Taylor Trading of RM600. |
Jan 18 | The owner took out goods worth RM200 for personal use. |
Jan 19 | The owner withdraws RM200 for personal use. |
Jan 21 | Issued an invoice of RM12,200 to Ali for bought goods on January 2. |
Jan 23 | Paid RM10,000 owed to Rita of Jan 3 purchased. |
Jan 24 | Receive RM5,000 from Noraliza Trading of January 8. |
Jan 25 | Receive RM2,000 from Afeeqa of Jan 9. |
Jan 26 | Paid rental expenses of RM1,600 by cash. |
Jan 28 | Received commission by cash of RM600. |
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina