3. Record the following transactions for the month of August 2020 in the general journal and post to the appropriate ledger account and balance all the accounts the prepare the trial balance as 31 August 2020. Aug 1 Chandra commenced business with RM12,000 in cash 2 Transferred RM11,000 in cash into a bank account 5 Purchased goods from Siva on credit for RM830 9 Bought office furniture for RM250 in cash 12 Sold goods to Willy on credit for RM570 14 Returned goods worth RM75 to Siva 16 Paid rent by cheque for RM350 18 Purchased office stationery for RM30 in cash 21 Chandra made drawings in cash for RM140 24 Paid insurance by cheque for RM170 25 Sold goods to Willy on credit for RM490 28 Purchased goods from Siva on credit for RM560 30 Sent cheque to Siva for RM755

3. Record the following transactions for the month of August 2020 in the general journal and post to the appropriate ledger account and balance all the accounts the prepare the trial balance as 31 August 2020. Aug 1 Chandra commenced business with RM12,000 in cash 2 Transferred RM11,000 in cash into a bank account 5 Purchased goods from Siva on credit for RM830 9 Bought office furniture for RM250 in cash 12 Sold goods to Willy on credit for RM570 14 Returned goods worth RM75 to Siva 16 Paid rent by cheque for RM350 18 Purchased office stationery for RM30 in cash 21 Chandra made drawings in cash for RM140 24 Paid insurance by cheque for RM170 25 Sold goods to Willy on credit for RM490 28 Purchased goods from Siva on credit for RM560 30 Sent cheque to Siva for RM755

Name: 3. Record the following transactions for the month of August 2020 in
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Description: 3. Record the following transactions for the month of August 2020 in the generaljournal and post to the appropriate ledger account and balance all the accountsthe prepare the trial balance as 31 August 2020.Aug 1 Chandra commenced business with RM12

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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