Question 1 Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions. Debit Credit Sales Example: Sold goods on credit to Sally Sally a. Bought goods for sale on credit from Ali. b. Paid carriage on the goods purchased, in cash. c. Owner's private car brought into the business!. d. Bought office equipment on credit from Bakar. e. Received a cheque from Sally. f. Cash sales. g. Paid wages to workers by cheque. h. Bank loan from RHB. i. Paid personal computer with the company cheque. j. Returned goods to Ali.
Question 1 Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions. Debit Credit Sales Example: Sold goods on credit to Sally Sally a. Bought goods for sale on credit from Ali. b. Paid carriage on the goods purchased, in cash. c. Owner's private car brought into the business!. d. Bought office equipment on credit from Bakar. e. Received a cheque from Sally. f. Cash sales. g. Paid wages to workers by cheque. h. Bank loan from RHB. i. Paid personal computer with the company cheque. j. Returned goods to Ali.
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 4EB: For each of the following transactions, state which special journal (Sales Journal, Cash Receipts...
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![Question 2
The following extract from the cash book of Jon for the month of January shows the
company's bank transactions:
RM
RM
01 Jan Balance b/f
600
18 Jan Ali
145
13 Jan Uno
224
28 Jan PBA
72
31 Jan Latif
186
30 Jan TNB
109
31 Jan Balance c/f
684
1.010
1,010
..3/-
3
The company's bank statement for the same period is as follows:
Debit (RM) Credit (RM) Balance (RM)
01 Jan Balance
03 Jan Halim
635
35
600
13 Jan Uno
224
824
23 Jan Ali
145
679
31 Jan Standing order
30
649
Required:
a. Prepare a corrected cash book using the information given above.
b. Draw up a bank reconciliation statement.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedb9d2d0-2085-4b81-9675-284c4a2d9392%2F4b171bae-2a60-43ea-bd2a-6410071ecde6%2Fsoggp1w_processed.png&w=3840&q=75)
Transcribed Image Text:Question 2
The following extract from the cash book of Jon for the month of January shows the
company's bank transactions:
RM
RM
01 Jan Balance b/f
600
18 Jan Ali
145
13 Jan Uno
224
28 Jan PBA
72
31 Jan Latif
186
30 Jan TNB
109
31 Jan Balance c/f
684
1.010
1,010
..3/-
3
The company's bank statement for the same period is as follows:
Debit (RM) Credit (RM) Balance (RM)
01 Jan Balance
03 Jan Halim
635
35
600
13 Jan Uno
224
824
23 Jan Ali
145
679
31 Jan Standing order
30
649
Required:
a. Prepare a corrected cash book using the information given above.
b. Draw up a bank reconciliation statement.
![Question 1
Identify the accounts and the debit/credit entries to be made in the ledger to record each
of the following transactions.
Debit
Credit
Example: Sold goods on credit to Sally
Sally
Sales
a. Bought goods for sale on credit from Ali.
b. Paid carriage on the goods purchased, in cash.
c. Owner's private car brought into the businessį.
d. Bought office equipment on credit from Bakar.
e. Received a cheque from Sally.
f. Cash sales.
g. Paid wages to workers by cheque.
h. Bank loan from RHB.
i. Paid personal computer with the company cheque.
j. Returned goods to Ali.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedb9d2d0-2085-4b81-9675-284c4a2d9392%2F4b171bae-2a60-43ea-bd2a-6410071ecde6%2Fdtb3dda_processed.png&w=3840&q=75)
Transcribed Image Text:Question 1
Identify the accounts and the debit/credit entries to be made in the ledger to record each
of the following transactions.
Debit
Credit
Example: Sold goods on credit to Sally
Sally
Sales
a. Bought goods for sale on credit from Ali.
b. Paid carriage on the goods purchased, in cash.
c. Owner's private car brought into the businessį.
d. Bought office equipment on credit from Bakar.
e. Received a cheque from Sally.
f. Cash sales.
g. Paid wages to workers by cheque.
h. Bank loan from RHB.
i. Paid personal computer with the company cheque.
j. Returned goods to Ali.
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