1. On 1
st
July 2021, Jazni entablised an interior decorating business, JazniDeco. During the month, Jazni completed the following transactions.
July
1
Jazni transferred cash from a personal bank account to an account to be used for the business, RM18,000.
4
Paid rent for period of 4
th
July to end of month, RM1,750.
10
Purchased a truck for RM15,000 on credit from Trans Sdn Bhd
13
Purchased equipment on account, RM7,000 from Annes Deco.
14
Purchased machinery for cash, RM1,200.
15
Paid annual premiums on property and casualty insurance, RM2,700.
21
Paid the portion of the amount owed for equipment purchased on 13
th
July, RM2,500.
27
Paid utilities expense, RM900.
27
Paid miscellaneous expense, RM315.
29
Received cash from customers on account, RM3,600.
30
Paid wages of employees, RM2,400.
31
Withdrew cash for personal use, RM2,000.
a) Post your journal entries to the General Ledger.
b) Prepare a trial balance as at 31
st
July 2021.
Attachments:
8846992_1_SWSP2023-00-2022T1-V1.0.pdf
Leave a Reply