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The transactions of Sun Rainbow Enterprise for the month of December 2020 are listed below. Transactions Date Dec Started the business with cash at bank RM150,000 and cash in hand RM130,000. Bought goods on credit from Josh Green Sdn.

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The transactions of Sun Rainbow Enterprise for the month of December 2020 are listed below. Transactions Date Dec Started the business with cash at bank RM150,000 and cash in hand RM130,000. Bought goods on credit from Josh Green Sdn. Bhd. amounted to RM15,000 with credit term 1/10,n/30. 2 4 8 9 12 13 17 18 19 20 22 23 26 28 31 Bought furniture amounted to RM12,000 by cash. Sold goods to Henry Red Trading amounted to RM3,000 with credit term 2/15,n/30. Cash sales RM100. Cash purchase RM200. Sales to Audrey Trading on credit transaction amounted RM1,000 with credit term 2/5, n/30. Withdrew RM1,500 of goods for personal use. Bought goods on credit RM4,000 from Anesa Cute Sdn. Bhd. with credit term 1/5,n/30. Paid salaries with amount RM12,000 by cash. Received a loan from bank amounted to RM100,000. Received full payment from Henry Red Trading by cheque. Paid interest on loan RM1,000 by using cheque. Bought stationeries amounted RM50. Paid full settlement to Anesa Cute Sdn. Bhd. by cheque. Bought machineries by credit amounted RM100,000. from ABC Trading. Required: Show the above transactions in the subsidiary books. a) Cash Book b) Sales Day Book c) Purchase Day Book d) General Journal (15 marks) (3 marks) (3 marks) (4 marks) [Total: 25 marks]

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a Cash Book Dec 2 Cash at Bank 150000 150000 Cash in Hand 130000 280000 Dec 4 Josh Green Sdn Bhd 150 View the full answer


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Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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