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雷达卡
The following details relate to phone retailer, Cool Tech Enterprise for the month of January 2013:
2013
Jan 1 Started in business with RM105,000 in the bank
2 Bought goods on credit from John RM1,000, Jack RM2,500 and Jill RM4,500
3 Cash sales RM20,000
4 Bought goods for cash RM5,500
5 Paid utilities RM3,509 by cheque
6 Sold goods on credit to: Tony RM450; Eric RM580; Malcom; RM676; Robert RM774.
8 Paid rent by cheque RM10,000
9 Paid wages by cheque RM15,097
10 Purchased an cabinet on credit from Carpenters Sdn Bhd RM3,409.
14 Returned goods to John RM309; Jill RM1,509.
15 Bought van on credit from Harley Motors Ltd RM55,090.
16 Received loan from Barclay by cheque RM2,000.
18 Goods returned to us by Tony RM89, and Malcom RM231
21 Cash sales RM1,671
24 Sold goods on credit to Tony RM310, Ricky RM908, and Paula RM767.
26 We paid the following by cheque: Carpenters RM3,409, Jack RM2,500 and Jill RM2,991.
29 Received cheques from Tony RM671, Eric RM580.
30 Received RM774 cash from Robert.
Required:
Record the transactions for the month of January using the T-account and balance the accounts (40 marks)
Prepare a trial balance as at 31 January 2013
(11 marks)
Prepare an Income Statement and Statement of Financial Position (Balance Sheet) for the period ending January 2013
(12 marks)
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