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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F46103c82-81f8-4dd1-8fd5-53f83ab0000f%2F777f2563-5a1f-4936-b42a-bce3ecc12de8%2Ffd2p2ri_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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