General JournalILLUSTRATION 1The following is example of journal entries,Transaction 1Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 12010.Transaction 2On 3rd January 2010, ME Services bought supplies for cash of $3,000.Transaction 3Purchase supplies for credit of $5, 000 on 5th January from a supplier.Transaction 4ME Services bought equipment by cheque of $35,000 on 15th January.Transaction 5Paid salaries expense by cash to the workers on 25th January.Transaction 6ME services receives payment of RM5,000 from the customer 26th January forconsulting services on new motorboat engines.Transaction 7The owner withdraws $500 cash from business account for personal use onJanuary 30.

Note: "Sorry", since you have posted multiple question questions of journal entries, I will do only…

General Journal ILLUSTRATION 1 The following is example of journal entries, Transaction 1 Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 1 2010. Transaction 2 On 3rd January 2010, ME Services bought supplies for cash of $3,000. Transaction 3 Purchase supplies for credit of $5, 000 on 5th January from a supplier.

General Journal ILLUSTRATION 1 The following is example of journal entries, Transaction 1 Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 1 2010. Transaction 2 On 3rd January 2010, ME Services bought supplies for cash of $3,000. Transaction 3 Purchase supplies for credit of $5, 000 on 5th January from a supplier.

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Concept explainers

Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.

Question

General Journal
ILLUSTRATION 1
The following is example of journal entries,
Transaction 1
Safiyya invests $20,000 cash in Marine Engineering Services Sdn. On January 1
2010.
Transaction 2
On 3rd January 2010, ME Services bought supplies for cash of $3,000.
Transaction 3
Purchase supplies for credit of $5, 000 on 5th January from a supplier.
Transaction 4
ME Services bought equipment by cheque of $35,000 on 15th January.
Transaction 5
Paid salaries expense by cash to the workers on 25th January.
Transaction 6
ME services receives payment of RM5,000 from the customer 26th January for
consulting services on new motorboat engines.
Transaction 7
The owner withdraws $500 cash from business account for personal use on
January 30.

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