No DateTransactionRM150,00050,00013 Dec Invested cash in business25 Dec Purchase raw material oncredit term from Afiq Sdn Bhd(5% discount if paid full within30 days)7 Dec Purchase raw material oncredit term from Danish370,000Trading (5% discount if paidfull within 30 days)9 Dec Cash sales to Samantha11 Dec Credit Sales to Wong (5%discount if paid full within 30days)13 Dec Wong returned defectivegoods4515,00025,00065,000715 Dec Return defective material to 2,000Danish Trading17 Dec Purchase furniture on cash8919 Dec Payment to Danish Trading10 21 Dec Payment from Wong11 23 Dec Loan received from bank12 25 Dec Payment to Afiq Sdn Bhd13 27 Dec Sundry EnterpriseRecord and close the above transaction inappropriate ledger account for the period ended31 Dec 202Tradil balance as at 31 Dec 2021.5,00017,00019,00050,0009,50010,000

A trial balance is a schedule in which total of debit column is always equals to credit. If there is…

No Date Transaction RM 150,000 50,000 1 3 Dec Invested cash in business 2 5 Dec Purchase raw material on credit term from Afiq Sdn Bhd (5% discount if paid full within 30 days) 7 Dec Purchase raw material on credit term from Danish Trading (5% discount if paid full within 30 days) 4 9 Dec Cash sales to Samantha 11 Dec Credit Sales to Wong (5% discount if paid full within 30 days) 13 Dec Wong returned defective goods 3 70,000 15,000 25,000 15 |6 5,000 7 15 Dec Return defective material to 2,000 Danish Trading 17 Dec Purchase furniture on cash 18 9 19 Dec Payment to Danish Trading 10 21 Dec Payment from Wong 11 23 Dec Loan received from bank 12 25 Dec Payment to Afiq Sdn Bhd 13 27 Dec Sundry Enterprise Record and close the above transaction in appropriate ledger account for the period ended 31 Dec 202 Tradil balance as at 31 Dec 2021. 5,000 17,000 19,000 50,000 9,500 10,000

No Date Transaction RM 150,000 50,000 1 3 Dec Invested cash in business 2 5 Dec Purchase raw material on credit term from Afiq Sdn Bhd (5% discount if paid full within 30 days) 7 Dec Purchase raw material on credit term from Danish Trading (5% discount if paid full within 30 days) 4 9 Dec Cash sales to Samantha 11 Dec Credit Sales to Wong (5% discount if paid full within 30 days) 13 Dec Wong returned defective goods 3 70,000 15,000 25,000 15 |6 5,000 7 15 Dec Return defective material to 2,000 Danish Trading 17 Dec Purchase furniture on cash 18 9 19 Dec Payment to Danish Trading 10 21 Dec Payment from Wong 11 23 Dec Loan received from bank 12 25 Dec Payment to Afiq Sdn Bhd 13 27 Dec Sundry Enterprise Record and close the above transaction in appropriate ledger account for the period ended 31 Dec 202 Tradil balance as at 31 Dec 2021. 5,000 17,000 19,000 50,000 9,500 10,000

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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