Light & Sound Trading, a sole trader selling electrical goods, started business operation on 14 July 2020
July 1 Started business with RM50 000 in
the bank, a shop building worth RM30 000, and a second hand van worth RM20 000
July 4 Bought office furniture from Black Furniture Bhd RM4 000, paid by cheque
July 5 Received invoice from Yellow Enterprise RM10 000 for goods purchased Issued a cheque RM3 000 to settle a part of the invoice,
July 7 Issued invoice for goods sold to Green & Sons Trading RM5 000 and White Enterprise RM300. Received cash from White Enterprise for full payment
July 11 Sub-let part of the shop building to Red Auto Workshop RM600 per month for cash 17 issued a debit note to Yellow Enterprise RM100 and issued a credit note to Green & Sons Trading RM250, both for goods damaged during transportation
July 20 Issued cheque to Blue Printshop RM800 for making the shop's signboard
July 24 Issued business cheque to Sedap Seafood Restaurant RM300 for an anniversary dinner with his family
July 26 Issued cheque RM500 for petrol bills used by the van in delivering goods during the month.
Does anyone know how to make journal for this?
Answers: 3
Business, 22.06.2019 21:40, mackenziemelton26
Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
Answers: 3
Business, 23.06.2019 02:30, leapfroggiez
Congressman patrick indicates that he is opposed to tax proposals that call for a flat tax rate because the structure would not tax those individuals who have the ability to pay the tax. discuss the position of the congressman, giving consideration to tax rate structures (e. g., progressive, proportional, and regressive) and the concept of equity.
Answers: 3
Business, 23.06.2019 19:50, tre9990
Knowledge check 01 taylor company has current sales of 1,000 units, at a selling price of $190 per unit, variable costs per unit of $76 and fixed expenses of $96,000. the company believes sales will increase by 300 units, if the company introduces sales commissions as an incentive for the sales staff. the change will decrease the selling price to $175 per unit, increase variable cost per unit to $100 and decrease fixed expenses by $20,000. what is the net operating income after the changes? increase of $21,500 decrease of $30,000 increase of $24,500 decrease of $22,000
Answers: 3
Light & Sound Trading, a sole trader selling electrical goods, started business operation on 14...
Advanced Placement (AP), 11.10.2020 02:01
Mathematics, 11.10.2020 02:01
Medicine, 11.10.2020 02:01
History, 11.10.2020 02:01
Chemistry, 11.10.2020 02:01
English, 11.10.2020 02:01
Mathematics, 11.10.2020 02:01
Mathematics, 11.10.2020 02:01