Question 2 On 1 st February 2014 Encik Ketupat bin Palas has set up a grocery...

Question 2
On 1 st February 2014 Encik Ketupat bin Palas has set up a grocery shop in Petaling Jaya. Below are the transactions for the stated month.
February
1 Started business with RM30,000 in the bank.
5 Bought-goods on credit from Tan Boon Wah RM11,500.
9 Bought goods with cheque RM500.
10 Collected RM40,000 cheque for sales made.
11 Sold goods on credit to Ranjit Singh RM900.
12 Paid advertising expenses of RM200 with cheque.
13 Purchased goods on credit from Syarikat Huru Hara for RMI *000.
14 Bought a motorcycle RM5,500 on credit from Kedai Motor Razman.
15 Encik Ketupat withdrew RM500 cash from bank for office use.
20 Received invoice from Syarikat Abdul Latiff for goods valued at RM4,000. Less 10% trade discount.
21 Returned some goods to Syarikat Huru Hara for RMI 50.
22 Invoiced Kedai Siti Rahmah for goods valued at RM6,000. Less 20% trade discount.
25 Goods returned by Kedai Siti Rahmah for RM350.
27 Returned defective goods to Syarikat Abdul Latiff worth RMI 00.
From the above information, you are required to:
Record the transactions into appropriate journals.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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