Question: There are FOUR (4) questions in this question paper. Answer ALL questions in the Answer Booklet. (100 MARKS) Question 1 Mr. Fernandes is the

There are FOUR (4) questions in this question paper. Answer ALL questions

There are FOUR (4) questions in this question paper. Answer ALL questions in the Answer Booklet. (100 MARKS) Question 1 Mr. Fernandes is the owner of a sole proprietorship, F. Fernandes Enterprise. The following is his accounting record as at 1 August 2022. Date 1 2 3 4 5 6 7 8 12 15 24 28 Required: Business Transactions Started the business with RM16,000 cash and RM11,000 in the bank. Bought goods on credit: J Biggs RM830, D Martin RM610, and P Lot RM590. Bought goods for cash RM370. Paid rent in cash RM75. Bought stationery paying by cheque RM62. Sold goods on credit: D Twigg RM370, B. Hogan RM290, K. Fletcher RM410. Paid wages and rent in cash of RM160 and RM175. Returned goods to D. Martin RM195. B. Hogan returns goods RM35. Bought a van on credit from B. Black for RM6,100. Received part of the amount owing from K. Fletcher by cheque RM250. Paid by cheque: J Biggs RM830; D. Martin RM415, B. Black RM6,100. State the double entry for the above transactions. (Total: 20 Marks)

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