- Assignment 1 Clo 1 Adam Harris Started A New Business Called Jom Cetak Sdn Bhd Which Provides Printing Services On 1 (340.7 KiB) Viewed 34 times
ASSIGNMENT 1: (CLO 1) Adam Harris started a new business called Jom Cetak Sdn. Bhd, which provides printing services, on 1 April 2021. The following is a list of the business's transactions for April 2021: Adam Harris made an RM200,000 cash investment in the company. Jom Cetak paid RM450,000 for a piece of land and a building. The company made a cash payment of RM165,000 and signed a note payable for the remainder. Jom Cetak purchased office equipment from Wow Interiors Sdn. Bhd. for RM30,000. The company made a cash payment of RM17,000 and agreed to pay the balance within 60 days. iv) Jom Cetak purchased a motorcycle on credit for RM3,400 from Motorex Sdn. Bhd. The motorcycle is to be used for customer deliveries. The company agreed to pay Motorex Sdn. Bhd. within ten days. Jom Cetak completed payment on the account payable to Motorex Sdn. Bhd. Jom Cetak obtained an RM30,000 loan from Bank Kaya and signed a six-month note payable. i) ii) v) vi)