Date Jan 1 Jan 15 Feb 4 Feb 17 Mar 20 Mar 29 Apr 9...
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Accounting
Date Jan 1 Jan 15 Feb 4 Feb 17 Mar 20 Mar 29 Apr 9 Apr 30 May 6 May 16 Jun 3 Jun 8 July 10 July 15 Aug 22 Sep 12 Oct 5 Nov 9 Des 25 Des 27 Transaction Started in business with RM10,000 in the bank and RM3,000 cash. Bought fixtures and fitting RM2,500 paying by cheque. Purchased goods RM500 from Amber Sold goods for cash RM200. Bought Printer RM150. pay by cash. Paid rent by cash RM350. Bought goods on credit RM325 from Octa. Goods returned to Amber RM200. Received rent of RM50 by cheque for sublet of corner space Paid the end of the year's wages by cash RM1000. The proprietor took cash for his own personal use RM300. Bought a computer paying by cheque RM3.000 Sold goods on credit to Dira for RM750 Sales on credit to Charlie RM750: Jeff RM850, Raisa RM450. Jeff paid us by cheque RM673. Sales on credit to Barry RM580: Charlie RM155. Returns inwards from Charlie RM95, Raisa RM47 Raisa paid us RM501 by cheque. Jeff paid us RM650 by cash Sales on credit to Barry RM440 vii. Finally, prepare the income statement and statement of financial position for the period ending showing the financial performance and position of your company. (6 marks) Briefly explain the effect of your profit or loss on capital. (2 mark) v
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