Miss Jupiter is the owner of Jay Café which is located exclusively at Bangsar. The following are the business transactions for the month of November 2019: November 2019 Details Purchased goods worth RM 2,000 from Mini Market on credit. Some of the damaged goods worth RM200 were returned to Mini Market. Made cash sales worth RM500. The café provided catering service to Kamil Enterprise worth RM 4,000 on |credit. Paid utility bills amounted to RM 1,500 by cash. Paid full amount to Mini Market on the purchased goods by cheque. Kamil Enterprise settled its account by cheque. Purchased a brand new microwave worth RM6,000 on credit from Bobo Equipment. Miss Jupiter took goods worth RM250 for her personal use. Delivered food to customer at several office premises and colleges. Total sales worth RM 2,000 for cash. Sent the business's delivery van to workshop for repairs. The cost was RM 600 and paid by cash. 3 5 11 15 19 22 25 29 Required: Identify the effects (increase or decrease) on assets, liabilities, revenues, expenses or owner's equity for the above transactions. a. b. Show the accounts to be debited and credited for all of the above transactions. C. State the appropriate books of prime entry for the transactions from 2 November until 22 November 2019.

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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Transcribed Image Text:Miss Jupiter is the owner of Jay Café which is located exclusively at Bangsar. The following are the business transactions for the month of November 2019: November 2019 Details Purchased goods worth RM 2,000 from Mini Market on credit. Some of the damaged goods worth RM200 were returned to Mini Market. Made cash sales worth RM500. The café provided catering service to Kamil Enterprise worth RM 4,000 on |credit. Paid utility bills amounted to RM 1,500 by cash. Paid full amount to Mini Market on the purchased goods by cheque. Kamil Enterprise settled its account by cheque. Purchased a brand new microwave worth RM6,000 on credit from Bobo Equipment. Miss Jupiter took goods worth RM250 for her personal use. Delivered food to customer at several office premises and colleges. Total sales worth RM 2,000 for cash. Sent the business's delivery van to workshop for repairs. The cost was RM 600 and paid by cash. 3 5 11 15 19 22 25 29 Required: Identify the effects (increase or decrease) on assets, liabilities, revenues, expenses or owner's equity for the above transactions. a. b. Show the accounts to be debited and credited for all of the above transactions. C. State the appropriate books of prime entry for the transactions from 2 November until 22 November 2019.

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