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The books of Moon Guardian Sdn Bhd show the following balances on 1 June 2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980 and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows:

The books of Moon Guardian Sdn Bhd show the following balances on 1 June 2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980 and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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7. The books of Moon Guardian Sdn Bhd show the following balances on 1 June 2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980 and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows: RM 2022 Jun 1 3 4 10 11 12 16 18 21 22 25 29 30 Paid Popular Co by cheque to settle invoice of RM2,500, less 5% discount Received cheque for RM1,500 from Pang Brothers to settle an invoice of RM1,550. Paid electricity by cash Bought goods on credit from Popular Co Cash sales Transferred cash from office to bank Bought a computer by cheque for office use The owner drew a business's cheque to pay his son's tuition fees Received cheque for RM640 from Lai & Sons in full settlement of an amount of RM660 Sold goods on credit to Pang Brothers Paid Sen Dai Bhd by cheque, RM2,350, in full settlement of account RM2,400 Transferred personal fixed deposit to business bank account Paid cheque for RM1,425 to Popular Co after deducting 5% discount Paid insurance by cheque Withdrew cash from bank for office use Bank charges Received cheque for commission Required: Enter the above details in a cashbook. 125 1,250 3,500 3,200 3,000 2,185 1,660 3,245 750 500 20 800
Transcribed Image Text:7. The books of Moon Guardian Sdn Bhd show the following balances on 1 June 2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980 and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows: RM 2022 Jun 1 3 4 10 11 12 16 18 21 22 25 29 30 Paid Popular Co by cheque to settle invoice of RM2,500, less 5% discount Received cheque for RM1,500 from Pang Brothers to settle an invoice of RM1,550. Paid electricity by cash Bought goods on credit from Popular Co Cash sales Transferred cash from office to bank Bought a computer by cheque for office use The owner drew a business's cheque to pay his son's tuition fees Received cheque for RM640 from Lai & Sons in full settlement of an amount of RM660 Sold goods on credit to Pang Brothers Paid Sen Dai Bhd by cheque, RM2,350, in full settlement of account RM2,400 Transferred personal fixed deposit to business bank account Paid cheque for RM1,425 to Popular Co after deducting 5% discount Paid insurance by cheque Withdrew cash from bank for office use Bank charges Received cheque for commission Required: Enter the above details in a cashbook. 125 1,250 3,500 3,200 3,000 2,185 1,660 3,245 750 500 20 800
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