You are required to prepare a written report for the following tasks: Transactions for the month of January of Joy Delig

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You Are Required To Prepare A Written Report For The Following Tasks Transactions For The Month Of January Of Joy Delig 1 (79.84 KiB) Viewed 43 times

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 Jan 1 Started in business with RM105,000 cash 2. Put RM90,000 of the cash into a bank account 3 Bought goods for cash RM5,500 4 Bought goods on credit from: Eddy RM800; Franky RM930, Smit RM160; Liew RM510 5 Bought stationery on credit from Buttons Ltd RM89 6 Sold goods on credit to: Tomy. RM170; Eric RM240, Malcom RM326, Tim RM204 8 Paid rent by cheque RM220 10 Bought fixtures on credit from Chiefs Bhd RM610. 11 Paid salaries in cash RM790. Returned goods to Franky RM30; Smith RM42. 15 Bought van by cheque RM6,500 16 Received loan from Barclay by cheque RM2,000. 18 Purchases retum: Temy RM5 Nalcom RM20 Cash sales RM145 24 Sold goods on credit to Eric RM130, Tim RM410. Paul RM139. 26 Pavilink paid the following by cheque Franky RM900: Smith RM118. 29 Received cheques from Paul RM958. Eric RN370. 30 Received a further loan from Barclay by cash RM500. 30 Received P.M614 cash from Tim. (a) Record the transactions above showing the closing balances for each account