Amilia started Ammy Cleaning Services in September 2018. The followings are transactions completed during the...
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Amilia started Ammy Cleaning Services in September 2018. The followings are transactions completed during the month: Sept. 1. Amilia contributed cash RM40,000 and computer equipment of RM5,000 to the business. 2. Purchased supplies on credit, RM3,800. 4. Paid office rent for September, RM2,500. 5. Paid for advertisement, RM300. 6. Purchased a secondhand van for RM8,000. The business paid cash RM5,000, and the balance will be paid in two equal installments starting in October. 10. Paid in full for office supplies purchased on September 2. The supplier agrees to give a cash discount of RM150 to Ammy Cleaning Services. 15. Recorded service revenue for the first two weeks of business; services on credit, RM8,800, cash services, RM5,500. 17. Amilia took business cash RM250 for her personal use. 24. Received RM2,250 from a client for services previously rendered on credit. 25. Paid worker's salary, RM950. 26. Paid utility bills for the current month, RM420. Instructions 1. Journalize the above transactions. 2. Post all journal entries to the respective accounts. Determine all account balances as of September 30, 2018
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