Question 1
subramaniam,
business on 1
2.799
cash at bank
furniture
van
loan from
below are t
month
october
question 12
prafuriture distributor, had the following transactions in june 2012
month date transaction
commenced business with cash in hand rm3,000 and cash at bank rm120.000
(vedit
purchased cupboards and paid by cheque.
bought stationery by cash.
sold furniture to riki furniture enterprise.
paid rent with cheque.
bought a computer rm2,500 by cash from apple computer centre.
purchased sofa sets from alpro furniture trading on credit.
paid carriage outwards by cash
remy took a cupboard as gift for his child.
12 transferred cash from bank for office use.
13 returned unsuitable goods to alpro furniture trading.
14 purchased shelves, tables & chairs and paid by cheque.
16 paid commission to salesmen by cash.
18
19
purchased book shelves from laily furniture rm15,600 at listed price with
22,500
1.220
650
10
2.000
2,700
1,650
1.000
1.800
| cash sales.
20% trade discount.
full settlement of alpro furniture trading's acount by cheque and
discount received rm800.
riki furniture trading settled all the debts by cheque & discount allow
bought a vehicle from ally azran trading rm50,000 on credit.
25
27
ugnt in an ipad from his home for the usage of the business.
1,200
1.000
1,000
cash sales.
paid salary by cash.
transferred 50% of the cash balance to bank.
30
you are required to
a) record the above transactions of june in the appropriate journals.
b) post the entries to relevant ledger accounts.
cash: rm850
stationery: rm180
sales: rm12,800
dis. received: rm800
salary: rm1,000
eturns outwards: rm2, 700
bank: rm89, 180
purchases: rm51,480
off. equipment: rm3,700
discount allowed: rm1,020
carriage outwards: rm1,220
ally azran: rm50,000
capital: rm124,200
rent: rm2,700
laily furniture: rm12,480
vehicle: rm50,000
drawings: rm650
commission: rm1,000