Hadid owns a shop selling groceries to the local community. Most of the sales and...
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Accounting
Hadid owns a shop selling groceries to the local community. Most of the sales and purchases are made on credit. Below are the credit purchases and credit sales transactions for the month ended 31 July 2019: 1/7/2019 Purchased stationery items on credit from MM Stationery for RM1,500. 2/7/2019 Purchased canned drinks from ABC Beverages Sdn Bhd for RM1,000 on credit. 6/7/2019 Sold goods to Sani on credit for RM100. 7/7/2019 Sold snacks on credit worth RM300 to Zaini who runs a small business catering to the needs of his neighbours. 8/7/2019 Sold groceries on credit worth RM400 to Fatin. Required: a. Cuiana, sau: ..- Prepare general journal entries for the transactions above. b. juma, na Post the journal entries to the relevant accounts and balance it off. (5 marks) (7 marks) c. vou. Prepare specialised journal entries for the transactions above. (7 marks)
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