Warisan Trading is a stationary store and owned by Ameena. Below are the transactions of Warisan Trading for the month of October 2013. October Started the business with RM10,000 cash. Purchased Canon printer RM400 by cheque for office use. Sold goods on credit to Halim RM500. Banked in cash RM1,000. Paid rental of premises amounting to RM300 by cash. The owners took RM500 from the bank and RM200 goods for personal use, Sales returned by Halim amounted to RM100. The business bought a motor vehicle for RM8,500 cash. Paid utility bills and wages of RM100 and RM600 cash respectively. 4 12 13 18 20 21 25 Using the format given below, answer the following questions: Book of prime entry Cash Receipt Journal Date Transactions Increase Decrease Debit Credit Cash sales of Asset Cash Sales October 1. RM200 Revenue Required: -35 Required: a. State the appropriate book of prime entry for each of the transactions given above. Identify the effects (increase or decrease) for each of the transactions given above, on assets, liabilities, capital, revenue or expenses. b. C. Show the accounts to be debited and credited for each of the transactions given above.
Warisan Trading is a stationary store and owned by Ameena. Below are the transactions of Warisan Trading for the month of October 2013. October Started the business with RM10,000 cash. Purchased Canon printer RM400 by cheque for office use. Sold goods on credit to Halim RM500. Banked in cash RM1,000. Paid rental of premises amounting to RM300 by cash. The owners took RM500 from the bank and RM200 goods for personal use, Sales returned by Halim amounted to RM100. The business bought a motor vehicle for RM8,500 cash. Paid utility bills and wages of RM100 and RM600 cash respectively. 4 12 13 18 20 21 25 Using the format given below, answer the following questions: Book of prime entry Cash Receipt Journal Date Transactions Increase Decrease Debit Credit Cash sales of Asset Cash Sales October 1. RM200 Revenue Required: -35 Required: a. State the appropriate book of prime entry for each of the transactions given above. Identify the effects (increase or decrease) for each of the transactions given above, on assets, liabilities, capital, revenue or expenses. b. C. Show the accounts to be debited and credited for each of the transactions given above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Warisan Trading is a stationary store and owned by Ameena. Below are the transactions of
Warisan Trading for the month of October 2013.
October
Started the business with RM10,000 cash.
Purchased Canon printer RM400 by cheque for office use.
Sold goods on credit to Halim RM500.
Banked in cash RM1,000.
Paid rental of premises amounting to RM300 by cash.
The owners took RM500 from the bank and RM200 goods for
personal use,
Sales returned by Halim amounted to RM100.
The business bought a motor vehicle for RM8,500 cash.
Paid utility bills and wages of RM100 and RM600 cash
respectively.
4
12
13
18
20
21
25
Using the format given below, answer the following questions:
Book of prime
entry
Cash Receipt
Journal
Date
Transactions
Increase
Decrease
Debit
Credit
Cash sales of
Asset
Cash
Sales
October
1.
RM200
Revenue
Required:
-35](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a588320-4d59-4bbe-a574-106c3f57a089%2F53acdf2e-d507-4334-b327-6d082494ddbb%2Fmz7w724.png&w=3840&q=75)
Transcribed Image Text:Warisan Trading is a stationary store and owned by Ameena. Below are the transactions of
Warisan Trading for the month of October 2013.
October
Started the business with RM10,000 cash.
Purchased Canon printer RM400 by cheque for office use.
Sold goods on credit to Halim RM500.
Banked in cash RM1,000.
Paid rental of premises amounting to RM300 by cash.
The owners took RM500 from the bank and RM200 goods for
personal use,
Sales returned by Halim amounted to RM100.
The business bought a motor vehicle for RM8,500 cash.
Paid utility bills and wages of RM100 and RM600 cash
respectively.
4
12
13
18
20
21
25
Using the format given below, answer the following questions:
Book of prime
entry
Cash Receipt
Journal
Date
Transactions
Increase
Decrease
Debit
Credit
Cash sales of
Asset
Cash
Sales
October
1.
RM200
Revenue
Required:
-35
![Required:
a.
State the appropriate book of prime entry for each of the transactions given above.
Identify the effects (increase or decrease) for each of the transactions given above, on
assets, liabilities, capital, revenue or expenses.
b.
C.
Show the accounts to be debited and credited for each of the transactions given
above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a588320-4d59-4bbe-a574-106c3f57a089%2F53acdf2e-d507-4334-b327-6d082494ddbb%2Fujk9erq_processed.png&w=3840&q=75)
Transcribed Image Text:Required:
a.
State the appropriate book of prime entry for each of the transactions given above.
Identify the effects (increase or decrease) for each of the transactions given above, on
assets, liabilities, capital, revenue or expenses.
b.
C.
Show the accounts to be debited and credited for each of the transactions given
above.
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