You are required to prepare a written report for the following tasks:Transactions for the month of January of Joy Delights Café are given as the following.2021Started in business with RM105,000 cashPut RM90,000 of the cash into a bank accountBought goods for cash RM5,500Bought goods on credit from: Eddy RM800; Franky RM930; SmithRM160, Liew RM510Bought stationery on credit from Buttons Ltd RM89Sold goods on credit to: Tomy RM170; Eric RM240; MalcomRM326; Tim RM204.Paid rent by cheque RM220Bought fixtures on credit from Chiefs Bhd RM610.Paid salaries in cash RM790.Jan46.1011Returned goods to Franky RM30; Smith RM42.Bought van by cheque RM6,500.Received loan from Barclay by cheque RM2,000.18141516Purchases retum: Temy RM5; Malcom RM20.21Cash sales RM145Sold goods on credit to Eric RM130, Tim RM410, Paul RM15S.Ravilink paid the following by cheque Franky RM900 Smith RM118.Received cheques from Paul RM158; Eric RM370.242629Received a further loan from Barclay by cash RM500.Received RM614 cash from Tim.3030(a) Record the transactions above showing the closing balances for each account

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Description: You are required to prepare a written report for the following tasks:Transactions for the month of January of Joy Delights Café are given as the following.2021Started in business with RM105,000 cashPut RM90,000 of the cash into a bank accountBought

Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

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You are required to prepare a written report for the following tasks: Transactions for the month of January of Joy Delights Café are given as the following. 2021 Started in business with RM105,000 cash Put RM90,000 of the cash into a bank account Bought goods for cash RM5,500 Bought goods on credit from: Eddy RMS00; Franky RM930; Smith RM160; Liew RMS10 Bought stationery on credit from Buttons Ltd RM89 Sold goods on credit to: Tomy RM170; Eric RM240; Malcom RM326; Tim RM204. Paid rent by cheque RM220 Bought fixtures on credit from Chiefs Bhd RM610. Paid salaries in cash RM790. Returned goods to Franky RM30; Smith RM42. Bought van by cheque RM6,500. 16 Jan 2. 3 4. 10 11 14 15 Received loan from Barclay by cheque RM2,000. Purchases returm: Tomy RM5; Mfalcom RM20. Cash sales RM145 19 21 Sold goods on credit to Eric RM130, Tim RM410; Paul RM15S. Bavilink paid the following by cheque: Franky RM900: Smith RM118. Received cheques from Paul RM158; Eric RM370. Received a further loan from Barclay by cash RM500. 24 26 29 30 Received RM614 cash from Tim. 30 (a) Record the transactions above showing the closing balances for each account

You are required to prepare a written report for the following tasks: Transactions for the month of January of Joy Delights Café are given as the following. 2021 Started in business with RM105,000 cash Put RM90,000 of the cash into a bank account Bought goods for cash RM5,500 Bought goods on credit from: Eddy RMS00; Franky RM930; Smith RM160; Liew RMS10 Bought stationery on credit from Buttons Ltd RM89 Sold goods on credit to: Tomy RM170; Eric RM240; Malcom RM326; Tim RM204. Paid rent by cheque RM220 Bought fixtures on credit from Chiefs Bhd RM610. Paid salaries in cash RM790. Returned goods to Franky RM30; Smith RM42. Bought van by cheque RM6,500. 16 Jan 2. 3 4. 10 11 14 15 Received loan from Barclay by cheque RM2,000. Purchases returm: Tomy RM5; Mfalcom RM20. Cash sales RM145 19 21 Sold goods on credit to Eric RM130, Tim RM410; Paul RM15S. Bavilink paid the following by cheque: Franky RM900: Smith RM118. Received cheques from Paul RM158; Eric RM370. Received a further loan from Barclay by cash RM500. 24 26 29 30 Received RM614 cash from Tim. 30 (a) Record the transactions above showing the closing balances for each account

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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