Ezrol Food Enterprise is a business supplying Halal fresh and frozen chicken, beef and lamb in Alor Gajah Melaka. The following transactions related to the business transactions on Ezrol Food Enterprise for the month of July 2023. July Transactions 1 At the beginning of this year, Ezrol Food Enterprise has the following assets and liability: - Office equipment RM10,000 Motor vehicles RM150,000 Machineries RM80,000 Cash at bank RM15,000 Cash in hand RM5,000 Loan from MBB Bank RM200,000 5 Imported raw meat from India worth RM10,000. Paid RM3,000 by cheque. The remaining balance will be paid in the next month. 6 Sold meat to Melantak Restaurant RM5,000 on credit. 8 Issued a cheque to pay loan from MBB Bank for RM1,500. 10 Sold fresh chicken to Meat Katel Restaurant worth RM1,000 by cheque. 12 The owner took out lamb of RM500 and drew out RM600 from business bank account for his personal use. 15 Melantak Restaurant returned defective meat amounting to RM800. 20 Bought a new meat cutting machine worth RM4,500 on credit from MHL Machinery Sdn Bhd. Required: Identify the appropriate books of prime entry to record all the transactions above. (Use the format given below to answer the above questions) Example: July 30: Pald RM2,000 for driver's salary by cash Date Books of prime entry July 30 Cash payment journal
Ezrol Food Enterprise is a business supplying Halal fresh and frozen chicken, beef and lamb in Alor Gajah Melaka. The following transactions related to the business transactions on Ezrol Food Enterprise for the month of July 2023. July Transactions 1 At the beginning of this year, Ezrol Food Enterprise has the following assets and liability: - Office equipment RM10,000 Motor vehicles RM150,000 Machineries RM80,000 Cash at bank RM15,000 Cash in hand RM5,000 Loan from MBB Bank RM200,000 5 Imported raw meat from India worth RM10,000. Paid RM3,000 by cheque. The remaining balance will be paid in the next month. 6 Sold meat to Melantak Restaurant RM5,000 on credit. 8 Issued a cheque to pay loan from MBB Bank for RM1,500. 10 Sold fresh chicken to Meat Katel Restaurant worth RM1,000 by cheque. 12 The owner took out lamb of RM500 and drew out RM600 from business bank account for his personal use. 15 Melantak Restaurant returned defective meat amounting to RM800. 20 Bought a new meat cutting machine worth RM4,500 on credit from MHL Machinery Sdn Bhd. Required: Identify the appropriate books of prime entry to record all the transactions above. (Use the format given below to answer the above questions) Example: July 30: Pald RM2,000 for driver's salary by cash Date Books of prime entry July 30 Cash payment journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Don't give answer in image format
Transcribed Image Text:Ezrol Food Enterprise is a business supplying Halal fresh and frozen chicken, beef and lamb
in Alor Gajah Melaka. The following transactions related to the business transactions of
Ezrol Food Enterprise for the month of July 2023.
July
Transactions
1 At the beginning of this year, Ezrol Food Enterprise has the following assets and
liability: -
Office equipment RM10,000
Motor vehicles RM150,000
Machineries RM80,000
Cash at bank RM15,000
Cash in hand RM5,000
Loan from MBB Bank RM200,000
5 Imported raw meat from India worth RM10,000. Paid RM3,000 by cheque. The
remaining balance will be paid in the next month.
6
Sold meat to Melantak Restaurant RM5,000 on credit.
8
Issued a cheque to pay loan from MBB Bank for RM1,500.
10
Sold fresh chicken to Meat Katel Restaurant worth RM1,000 by cheque.
12
The owner took out lamb of RM500 and drew out RM600 from business bank
account for his personal use.
15 Melantak Restaurant returned defective meat amounting to RM800.
20
Bought a new meat cutting machine worth RM4,500 on credit from MHL
Machinery Sdn Bhd.
Required:
Identify the appropriate books of prime entry to record all the transactions above.
(Use the format given below to answer the above questions)
Example: July 30: Paid RM2,000 for driver's salary by cash
Date
Books of prime entry
Cash payment journal
July 30
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education