DECEMBER 2017.pdf - DECEMBER 2017 QUESTION 1 a Sooka Hartie Bazaar is a retail business owned by Amelia The business record of the company as at 31 May

DECEMBER 2017.pdf - DECEMBER 2017 QUESTION 1 a Sooka Hartie...

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DECEMBER 2017 QUESTION 1 a)Sooka Hartie Bazaar is a retail business owned by Amelia. The business record of the company as at 31 May 2016 showed following balances: RM Cash in hand 4,800 Cash at bank 45,000 Accounts receivable 9,700 Accounts payable 7,800 Capital 51,700 The following business activities occurs in the month of June 2016. June 3 Bought goods on credit from Ashril Supplier worth RM22,500 6 Cash sales RM8,000 9 Paid advertising expenses RM1,500 by cheque 15 Credit sales to Afzan RM15,000 19 Cash purchases of RM8,000 was paid by cheque 22 Bought goods on credit RM5,600 from Syukri Trading 23 Paid by cheque RM9,000 to Ashril Supplier 27 Paid salary by cash RM2,600 30 Received cheque RM32,000 from Rama Enterprise due to goods sold You are required to demonstrate the above transactions in: i. Three columns cash book ii. Appropriate special journals b) On 31 August 2016 the business records of Che Kuntum show the following balances: RM Cash in hand 7,500 Fixture & fittings 9,500 Capital 17,000 The followings are the business transactions that occur in September 2016: Sept 2
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