answer in text form please (without image) Required:a) Complete the tableb) Record the above transactions in the appropriate ledger accounts. (You are not requiredto balance off the accounts)Answera) Mr Young owner of businesshad started business with cash inbank account RM100,000b) Draw cash RM20,000 frombusiness bank account for officeuse.c) Bought computers for office useRM6,000 on credit from PCTradingd) Sold goods to James on creditRM18,000.e) A debtor, James paid us in cashRM12,000f) Bought motorcycle by cashRM5,000Account to be debitedAccount to be credited

Name: answer in text form please (without image) Required:a) Complete the ta
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Description: answer in text form please (without image) Required:a) Complete the tableb) Record the above transactions in the appropriate ledger accounts. (You are not requiredto balance off the accounts)Answera) Mr Young owner of businesshad started business wit

Lets understand the basics.Journal entries are required to make to record event and transaction in…

Business

Accounting

a) Complete the table b) Record the above transactions in the appropriate ledger accounts. (You are not required to balance off the accounts) Answer a) Mr Young owner of business had started business with cash in bank account RM100,000 Account to be debited Account to be credited

a) Complete the table b) Record the above transactions in the appropriate ledger accounts. (You are not required to balance off the accounts) Answer a) Mr Young owner of business had started business with cash in bank account RM100,000 Account to be debited Account to be credited

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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