Chocolairs Food Enterprise is a cookie manufacturer in Selangor. The following information was extracted from the books of Chocolairs Food Enterprise for the month of May 2021:- May 2 Bought goods on credit amounting to RM8,000 from Lala Enterprise before deducting 10% trade discount. 3 A sales invoice for RM4,000 was sent to Lulu Trading. 5 Sold goods of RM10,000 on credit to Paul less 15% trade discount. 6 Return goods of RM1,000 to Lala Enterprise. 7 Sent a credit note for RM300 to Lulu Trading. 9 Credit sales of RM3,000 to Lili Trading. 10 A sales invoice for RM6,000 was sent to Lolo Sdn. Bhd. before less trade discount 5%. 12 Credit purchase of RM10,000 from Ali Tata Sdn. Bhd. before deducting 8% trade discount. 13 Lolo Sdn. Bhd. returned goods with a list price of RM500. 15 Return goods of RM500 to Ali Tata Sdn. Bhd. 20 Purchased goods amounting to RM800 on credit from Siew Ling Trading. 24 A sales invoice for RM6,000 was received from DD Va Enterprise before deducting 2% trade discount.
Chocolairs Food Enterprise is a cookie manufacturer in Selangor. The following information was extracted from the books of Chocolairs Food Enterprise for the month of May 2021:- May 2 Bought goods on credit amounting to RM8,000 from Lala Enterprise before deducting 10% trade discount. 3 A sales invoice for RM4,000 was sent to Lulu Trading. 5 Sold goods of RM10,000 on credit to Paul less 15% trade discount. 6 Return goods of RM1,000 to Lala Enterprise. 7 Sent a credit note for RM300 to Lulu Trading. 9 Credit sales of RM3,000 to Lili Trading. 10 A sales invoice for RM6,000 was sent to Lolo Sdn. Bhd. before less trade discount 5%. 12 Credit purchase of RM10,000 from Ali Tata Sdn. Bhd. before deducting 8% trade discount. 13 Lolo Sdn. Bhd. returned goods with a list price of RM500. 15 Return goods of RM500 to Ali Tata Sdn. Bhd. 20 Purchased goods amounting to RM800 on credit from Siew Ling Trading. 24 A sales invoice for RM6,000 was received from DD Va Enterprise before deducting 2% trade discount.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prepare the appropriate books of prime entry for the above transactions.
Transcribed Image Text:Chocolairs Food Enterprise is a cookie manufacturer in Selangor. The following information was
extracted from the books of Chocolairs Food Enterprise for the month of May 2021:-
May
2 Bought goods on credit amounting to RM8,000 from Lala Enterprise before deducting 10%
trade discount.
3 A sales invoice for RM4,000 was sent to Lulu Trading.
5 Sold goods of RM10,000 on credit to Paul less 15% trade discount.
6 Return goods of RM1,000 to Lala Enterprise.
7 Sent a credit note for RM300 to Lulu Trading.
9 Credit sales of RM3,000 to Lili Trading.
10 A sales invoice for RM6,000 was sent to Lolo Sdn. Bhd. before less trade discount 5%.
12 Credit purchase of RM10,000 from Ali Tata Sdn. Bhd. before deducting 8% trade discount.
13 Lolo Sdn. Bhd, returned goods with a list price of RM500.
15 Return goods of RM500 to Ali Tata Sdn. Bhd.
20 Purchased goods amounting to RM800 on credit from Siew Ling Trading.
24 A sales invoice for RM6,000 was received from DD Va Enterprise before deducting 2%
trade discount.
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