KayLee commenced business on 1 May 2018 with a capital of RM5,000 of which RM1,000 was in cash and RM4,000 in a bank current account. Her transactions during May were as follows: 1 May Borrowed RM2,000 from ABC Bank Ltd in the form of a cheque. 2 May Paid rent of RM750 by cheque. 5 May Paid wages of RM120 in cash. 8 May Purchased goods for RM1,380 by cheque. 10 May Sold goods for RM650 cash. 12 May Drawings in cash: RM200 15 May Bought goods on credit for RM830 from Sammi Cheng 18 May Sold goods on credit for RM1,250 to Katherine Hee 20 May Bought shop fittings of RM2,500 by cheque. 23 May Paid water rates of RM325 in cash. 25 May Paid gas bill of RM230 by cheque. 27 May Returned goods costing RM310 to Sammi Cheng 28 May Katherine Hee returned goods with an invoice value of RM480. 29 May KayLee introduced further capital of a RM3,000 cheque. 30 May Bought stationery of RM90 in cash. 31 May Sent Sammi Cheng a cheque for RM300. 31 May Received a cheque for RM500 from Katherine Hee. You are required to write up the accounts in the general ledger.
1) KayLee commenced business on 1 May 2018 with a capital of RM5,000 of which RM1,000 was in cash and RM4,000 in a bank current account. Her transactions during May were as follows:
|
1 May |
Borrowed RM2,000 from ABC Bank Ltd in the form of a cheque. |
|
2 May |
Paid rent of RM750 by cheque. |
|
5 May |
Paid wages of RM120 in cash. |
|
8 May |
Purchased goods for RM1,380 by cheque. |
|
10 May |
Sold goods for RM650 cash. |
|
12 May |
Drawings in cash: RM200 |
|
15 May |
Bought goods on credit for RM830 from Sammi Cheng |
|
18 May |
Sold goods on credit for RM1,250 to Katherine Hee |
|
20 May |
Bought shop fittings of RM2,500 by cheque. |
|
23 May |
Paid water rates of RM325 in cash. |
|
25 May |
Paid gas bill of RM230 by cheque. |
|
27 May |
Returned goods costing RM310 to Sammi Cheng |
|
28 May |
Katherine Hee returned goods with an invoice value of RM480. |
|
29 May |
KayLee introduced further capital of a RM3,000 cheque. |
|
30 May |
Bought stationery of RM90 in cash. |
|
31 May |
Sent Sammi Cheng a cheque for RM300. |
|
31 May |
Received a cheque for RM500 from Katherine Hee. |
You are required to write up the accounts in the general ledger.
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