Melia just started her food truck business few weeks ago. You are required to record the following transactions in her accounts. 2022 November 1= Started business with RM20,000 cash and RM35,000 food truck. 2 = Opened and deposited RM10,000 to business bank account. 3= Bought inventories from Food Network RM3,000. Payment by online transfer. 4 = Sold goods by cash RM550. 5 = Purchased goods on time RM500. Record the following transactions in a general journal with narration and prepare the ledgers (T-Form) entries.
Melia just started her food truck business few weeks ago. You are required to record the following transactions in her accounts. 2022 November 1= Started business with RM20,000 cash and RM35,000 food truck. 2 = Opened and deposited RM10,000 to business bank account. 3= Bought inventories from Food Network RM3,000. Payment by online transfer. 4 = Sold goods by cash RM550. 5 = Purchased goods on time RM500. Record the following transactions in a general journal with narration and prepare the ledgers (T-Form) entries.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:QUESTION 3
Melia just started her food truck business few weeks ago. You are required to record the
following transactions in her accounts.
2022
November
1 = Started business with RM20,000 cash and RM35,000 food truck.
2 = Opened and deposited RM10,000 to business bank account.
3= Bought inventories from Food Network RM3,000. Payment by online
transfer.
4 = Sold goods by cash RM550.
5 = Purchased goods on time RM500.
Record the following transactions in a general journal with narration and prepare the
ledgers (T-Form) entries.
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