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services is shown below. Jasmine Enterprise Trial Balance as at 30 September 2014 Debit (RM) Account Credit (RM) Cash 10,200 Account receivable 2,640 Supplies Fittings Account payable 2,520 9,600 6,840 Unearned revenue 720 | Capital 17,400 Total 24,960 24,960 The following are the business transactions in the month of October: |Oct 4 11 Received cash of RM1,560 from due accounts of the customers Sent a bill to a customer for a consultancy service worth RM4,200 15 Paid workers' salaries of RM1,440 Provide consultancy service to a customer who has paid a deposit of RM720 in May 18 20 Paid RM 1,320 to creditors 28 Jasmine took out cash of RM400 for her personal use 31 Paid utilities of RM840 Required: a. Prepare journal entries for the above transactions. b. Post to the appropriate ledger accounts c. Prepare the trial balance as at 31 October. 2014 for Jasmine Enterprise.

services is shown below. Jasmine Enterprise Trial Balance as at 30 September 2014 Debit (RM) Account Credit (RM) Cash 10,200 Account receivable 2,640 Supplies Fittings Account payable 2,520 9,600 6,840 Unearned revenue 720 | Capital 17,400 Total 24,960 24,960 The following are the business transactions in the month of October: |Oct 4 11 Received cash of RM1,560 from due accounts of the customers Sent a bill to a customer for a consultancy service worth RM4,200 15 Paid workers' salaries of RM1,440 Provide consultancy service to a customer who has paid a deposit of RM720 in May 18 20 Paid RM 1,320 to creditors 28 Jasmine took out cash of RM400 for her personal use 31 Paid utilities of RM840 Required: a. Prepare journal entries for the above transactions. b. Post to the appropriate ledger accounts c. Prepare the trial balance as at 31 October. 2014 for Jasmine Enterprise.

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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1. The trial balance for Jasmine Enterprise that provides image and fashion consultancy services is shown below. Jasmine Enterprise Trial Balance as at 30 September 2014 Debit (RM) Account Credit (RM) Cash 10,200 Account receivable 2,640 Supplies 2,520 Fittings 9,600 Account payable 6,840 Unearned revenue 720 Саpital 17,400 Total 24,960 24,960 The following are the business transactions in the month of October: Oct 4 Received cash of RM1,560 from due accounts of the customers Sent a bill to a customer for a consultancy service worth RM4,200 Paid workers' salaries of RM1,440 Provide consultancy service to a customer who has paid a deposit of RM720 in May Paid RM 1,320 to creditors 11 15 18 20 28 Jasmine took out cash of RM400 for her personal use Paid utilities of RM840 31 Required: a. Prepare journal entries for the above transactions. b. Post to the appropriate ledger accounts c. Prepare the trial balance as at 31 October, 2014 for Jasmine Enterprise.
Transcribed Image Text:1. The trial balance for Jasmine Enterprise that provides image and fashion consultancy services is shown below. Jasmine Enterprise Trial Balance as at 30 September 2014 Debit (RM) Account Credit (RM) Cash 10,200 Account receivable 2,640 Supplies 2,520 Fittings 9,600 Account payable 6,840 Unearned revenue 720 Саpital 17,400 Total 24,960 24,960 The following are the business transactions in the month of October: Oct 4 Received cash of RM1,560 from due accounts of the customers Sent a bill to a customer for a consultancy service worth RM4,200 Paid workers' salaries of RM1,440 Provide consultancy service to a customer who has paid a deposit of RM720 in May Paid RM 1,320 to creditors 11 15 18 20 28 Jasmine took out cash of RM400 for her personal use Paid utilities of RM840 31 Required: a. Prepare journal entries for the above transactions. b. Post to the appropriate ledger accounts c. Prepare the trial balance as at 31 October, 2014 for Jasmine Enterprise.
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