2020 Sept 1 Owner started business by bringing in his used van costing RM 45,000 and cash amounting to RM 12,000 into the business. 2 Deposited RM 5,000 of the cash into the bank. 3 Bought fixtures and fittings on credit from ARO I Bhd, worth RM 4,500. 4 Bought goods on credit from Suzie Ltd worth RM 3,350. 5 Paid utilities by cheque RM 500. 6 Received loan of RM 8,000 by cheque from Mayobank Berhad. 7 Sold goods on credit to Alfafa Enterprise worth RM 6,500. 8 Cash sale RM 520. 9 Paid wages by cash RM 2,100. 10 Bought office stationery by cash worth RM 170. 11 Received rent worth RM 750 by cash. 12 Sold goods by cash to Salwani Ltd worth RM470. 14 Returned some of damaged goods to Suzie Ltd amounting to RM 50 and settled amount due by cash after receiving discount of 5%. 15 Repaid part of the loan to Mayobank Berhad worth RM 3,000 by cheque. 16 Owner took out some chocolate worth RM 230 from the factory as birthday present for his son. 17 Alfafa Enterprise returm some damaged goods worth RM 350 to NChoc Sdn Bhd. 18 Received cheque from Alfafa Enterprise in settlement of amount due after allowing discount of 2%.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2020
Sept 1 Owner started business by bringing in his used van costing RM 45,000 and cash
amounting to RM 12,000 into the business.
2 Deposited RM 5,000 of the cash into the bank.
3 Bought fixtures and fittings on credit from ARO I Bhd. worth RM 4.500.
4 Bought goods on credit from Suzie Ltd worth RM 3,350.
5 Paid utilities by cheque RM 500.
6 Received loan of RM 8,000 by cheque from Mayobank Berhad.
7 Sold goods on credit to Alfafa Enterprise worth RM 6.500.
8 Cash sale RM 520.
9 Paid wages by cash RM 2,100.
10 Bought office stationery by cash worth RM 170.
11 Received rent worth RM 750 by cash.
12 Sold goods by cash to Salwani Ltd worth RM470.
14 Returned some of damaged goods to Suzie Ltd amounting to RM 50 and settled
amount due by cash after receiving discount of 5%.
15 Repaid part af the loan to Mayobank Berhad worth RM 3,000 by cheque.
16 Owner took out some chocolate worth RM 230 from the factory as birthday
present for his son.
17 Alfafa Enterprise returm some damaged goods worth RM 350 to NChoc Sdn Bhd.
18 Received cheque from Alfafa Enterprise in settlement of amount due after
allowing discount of 2%.
Transcribed Image Text:2020 Sept 1 Owner started business by bringing in his used van costing RM 45,000 and cash amounting to RM 12,000 into the business. 2 Deposited RM 5,000 of the cash into the bank. 3 Bought fixtures and fittings on credit from ARO I Bhd. worth RM 4.500. 4 Bought goods on credit from Suzie Ltd worth RM 3,350. 5 Paid utilities by cheque RM 500. 6 Received loan of RM 8,000 by cheque from Mayobank Berhad. 7 Sold goods on credit to Alfafa Enterprise worth RM 6.500. 8 Cash sale RM 520. 9 Paid wages by cash RM 2,100. 10 Bought office stationery by cash worth RM 170. 11 Received rent worth RM 750 by cash. 12 Sold goods by cash to Salwani Ltd worth RM470. 14 Returned some of damaged goods to Suzie Ltd amounting to RM 50 and settled amount due by cash after receiving discount of 5%. 15 Repaid part af the loan to Mayobank Berhad worth RM 3,000 by cheque. 16 Owner took out some chocolate worth RM 230 from the factory as birthday present for his son. 17 Alfafa Enterprise returm some damaged goods worth RM 350 to NChoc Sdn Bhd. 18 Received cheque from Alfafa Enterprise in settlement of amount due after allowing discount of 2%.
Required:
(Dikehendaki:
a) Prepare the general journal.
(Sediakan jurnal am,.)
b) Post all the transactions into the ledger accounts.
[Masukkan semua transaksi ke akaun-akaun lejar.
c) Prepare the Trial Balance as at 30 September 2020.
(Sediakun Iwdangan Duga pada 30 September 2020.)
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Add a caption.
Transcribed Image Text:Required: (Dikehendaki: a) Prepare the general journal. (Sediakan jurnal am,.) b) Post all the transactions into the ledger accounts. [Masukkan semua transaksi ke akaun-akaun lejar. c) Prepare the Trial Balance as at 30 September 2020. (Sediakun Iwdangan Duga pada 30 September 2020.) Filters Add a caption.
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