Q1: Below transactions from KLCC company. 2nd Jan 2019 KLCC sold goods (33,000) to Nizwa Company by cheque. 4th, Jan 2019 KLCC bought goods (14,000) from Penang company on time. 6th, Jan 2019 KLCC pay insurance (5000) by cash. 7th, Jan 2019 KLCC received (10,000) from Nizwa company by cheque. 8th, Jan 2019 KLCC bought Van (22,000) by cheque. Req: Prepare journal entries and T accounts.
Q1: Below transactions from KLCC company. 2nd Jan 2019 KLCC sold goods (33,000) to Nizwa Company by cheque. 4th, Jan 2019 KLCC bought goods (14,000) from Penang company on time. 6th, Jan 2019 KLCC pay insurance (5000) by cash. 7th, Jan 2019 KLCC received (10,000) from Nizwa company by cheque. 8th, Jan 2019 KLCC bought Van (22,000) by cheque. Req: Prepare journal entries and T accounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q1: Below transactions from KLCC company.
2nd Jan 2019 KLCC sold goods (33,000) to Nizwa Company by cheque.
4th, Jan 2019 KLCC bought goods (14,000) from Penang company on time.
6th, Jan 2019 KLCC pay insurance (5000) by cash.
7th, Jan 2019 KLCC received (10,000) from Nizwa company by cheque.
8th, Jan 2019 KLCC bought Van (22,000) by cheque.
Req: Prepare journal entries and T accounts.
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