Question: Subject is basic accounting please show the calculation, you may show excel and calculation. Thank you. Question 2 On 1 May, 2021, LCW started business

Subject is basic accounting

please show the calculation, you may show excel and calculation. Thank you.

Subject is basic accounting please show the calculation, you may show excel

Question 2 On 1 May, 2021, LCW started business with RM100,000 and other transactions for the month were: Date Transactions May 2 Purchase Furniture for Cash RM17,000 May 8 Purchase Goods for Cash RM12,000 and for Credit RM10,000 from Mimi Retail Store. May 14 Sold Goods to Goh Brothers RM12,000 and Cash Sales RM5,000. May 18 Owner withdrew goods worth RM1,000 for personal use. May 22 Paid Mimi Retail Store RM5,000. May 26 May 30 Received RM15,000 from Goh Brothers. Paid Salaries Expense RM 2,000. May 30 May 30 Received electricity bill of RM508. Ordered a new laptop at RM2,200 with Ace Computer. Required: Prepare journal entries for the above transactions. Marks are allocated for narrations. (20 marks)

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