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Required: i. Identify book of prime entries. Prepare the specialized journal Prepare the subsidiary's ledger (AC RECEIVABLE&AC PAYABLE) iv. ii. iii. Prepare general ledger (other accounts) Prepare the Trial Balance V.

Required: i. Identify book of prime entries. Prepare the specialized journal Prepare the subsidiary's ledger (AC RECEIVABLE&AC PAYABLE) iv. ii. iii. Prepare general ledger (other accounts) Prepare the Trial Balance V.

FINANCIAL ACCOUNTING
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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i) and ii). 

Required: i. ii. iii. iv. Identify book of prime entries. Prepare the specialized journal Prepare the subsidiary's ledger (AC RECEIVABLE&AC PAYABLE) Prepare general ledger (other accounts) Prepare the Trial Balance V.
Transcribed Image Text:Required: i. ii. iii. iv. Identify book of prime entries. Prepare the specialized journal Prepare the subsidiary's ledger (AC RECEIVABLE&AC PAYABLE) Prepare general ledger (other accounts) Prepare the Trial Balance V.
The transactions below were extracted from the book of Aloha Trading: Januar Transactions y 1 Injected cash RM5,000 CRJ and a Computer of RM 6,000 into the business GJ Made credit sales amounting RM5,000 SJ Sold goods to Ali amounting RM 500 cash CRJ 4 Ali returned RM 200 of goods wrongly ordered CPJ Stationeries amounting RM50 was paid by cash CPJ Received dividend from unit trust amounting RM100 cash CRJ 7 Gives cash loans to Amin, the worker amounting RM500 CPJ
Transcribed Image Text:The transactions below were extracted from the book of Aloha Trading: Januar Transactions y 1 Injected cash RM5,000 CRJ and a Computer of RM 6,000 into the business GJ Made credit sales amounting RM5,000 SJ Sold goods to Ali amounting RM 500 cash CRJ 4 Ali returned RM 200 of goods wrongly ordered CPJ Stationeries amounting RM50 was paid by cash CPJ Received dividend from unit trust amounting RM100 cash CRJ 7 Gives cash loans to Amin, the worker amounting RM500 CPJ
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