Vida opens a consultation agency business called Vision2020 Enterprise and completed thefollowing transactions in its first month of operations.Vida invests RM150,000 cash along with office equipment valued atRM22,000 in the company.November1002.Paid RM5,000 for a 12-month insurance policy.Made credit purchases for RM3,000 in office equipment and RM1,200in office supplies. Payment is due within 10 days.3.Performed services for a client and immediately received RM4,000cash.6.Performed services of RMZ,500 project for a client on account.Paid RM4,200 to settle the November 3 transaction.13Received RM3,500 cash as partial payment for the work completedon November 9.Paid RM2,850 for wages to a clerk.Vida withdrew RM5, 100 cash for personal use.Required:a) Prepare general journal entries to record these transactions. (ignore brief explanation)2225296.

Name: Vida opens a consultation agency business called Vision2020 Enterpris
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Description: Vida opens a consultation agency business called Vision2020 Enterprise and completed thefollowing transactions in its first month of operations.Vida invests RM150,000 cash along with office equipment valued atRM22,000 in the company.November1002.Pai

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Vida opens a consultation agency business called Vision2020 Enterprise and completed the following transactions in its first month of operations. November Vida invests RM150,000 cash along with office equipment valued at RM22,000 in the company. 1 2 Paid RM5,000 for a 12-month insurance policy. 3 Made credit purchases for RM3,000 in office equipment and RM1,200 in office supplies. Payment is due within 10 days. 6. Performed services for a client and immediately received RM4,000 cash. 9. Performed services of RM7,500 project for a client on account. 13 Paid RM4,200 to settle the November 3 transaction. Received RM3,500 cash as partial payment for the work completed on November 9. 22 25 Paid RM2,850 for wages to a clerk. 29 Vida withdrew RM5, 100 cash for personal use. Required: a) Prepare general journal entries to record these transactions. (ignore brief explanation)

Vida opens a consultation agency business called Vision2020 Enterprise and completed the following transactions in its first month of operations. November Vida invests RM150,000 cash along with office equipment valued at RM22,000 in the company. 1 2 Paid RM5,000 for a 12-month insurance policy. 3 Made credit purchases for RM3,000 in office equipment and RM1,200 in office supplies. Payment is due within 10 days. 6. Performed services for a client and immediately received RM4,000 cash. 9. Performed services of RM7,500 project for a client on account. 13 Paid RM4,200 to settle the November 3 transaction. Received RM3,500 cash as partial payment for the work completed on November 9. 22 25 Paid RM2,850 for wages to a clerk. 29 Vida withdrew RM5, 100 cash for personal use. Required: a) Prepare general journal entries to record these transactions. (ignore brief explanation)

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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