Question

At 1 January 2020 Mr lau has start a business in Kuala Lumpur which name Soo Technology. Soo Technology is a shop which is selling computer and some computer accessories. Beside Mr lau start up the business with the capital of RM200,000, Van RM 9500, Machine RM 7500, Furniture RM 3500.

2020

JAN

1 Started a business with an RM200,000 and RM150,000 on bank while RM50,000 on cash.

2 Bought goods by cash RM2000. (R1111)

3 Bought goods on credit from Andy RM8500(V1111), Lee RM10,050(V1112) and David RM7450(V1113).

4 Bought stationery by cash RM77.(R0018)

5 Sold goods on credit to Daniel RM4500(V0004), Siew RM3000(V0005) and Ong RM5050.(V0006)

Paid employees salaries in cash RM 1800.(R1119)

6 Paid rent by cheque RM 2500.(1009)

7 Cash sales RM 950.(R1115)

Withdrew cash from bank for business use RM 500.

8 Pay electricity by cash RM 1050.(R1121)

Pay insurance by cash RM 700.(R1122)

9 Goods return to us by Daniel(V5111) RM 150 and Ong RM 300.(V5112)

10Received cheque from Daniel RM1500(1021) and Siew RM500. 5% discount is given.(1020)

11 Return goods to Andy RM118(V6112) and Lee RM190.(V6111)

12 Pay cheque to Andy RM550 less discount 15(1031); Lee RM450 less discount 22(1032); David RM250 no discount given(1022).

14 Withdrew RM 1000 cash for personal uses.

15 Sold goods by cash RM 850.(R1116)

Sold goods on credit from Jack RM 4500(V0007), Marry RM2080(V0008) and Brown RM3880(V0009).

16 Goods return by Jack RM 150(V5113) and Brown RM 300.(V5114)

17Commision paid by cash RM 450.(R1123)

18Received loan from Rossy by cheque RM 5000.(1005)

Received cash from Jack RM 500(R1125) and cheque from Marry RM 1080(1089).

20Bought goods on credit from RM Ann RM 5000(V1114), Moon RM 6880(V1115) and Wong RM 6000(V1116).

21Sold goods by cheque RM 5070.(2089)

Cash sales RM 880.(R6548)

23Received further loan from Rossy by cash RM 1000.(8974)

25We paid the following by cheque Ann RM 650 less discount RM 20(9874); Moon RM 780(5132) less discount 50 and Wong RM 450 less discount 22(4569).

26Bought equipment by cheque RM 8000.(4416)

27Cash sales RM 5080.(R3215)

28 Put cash into bank RM 3000.

29Sold goods by cheque RM 11,600.(4645)

30Bought goods on credit from Andy RM 5500(V1103), Lee RM7000(V1104) and David RM4500(V1105).

31Cash sales RM3500.(R9845)

Inventory on 31January2020 is RM 30,600

Q: Classify and enter these transactions into the necessary books of original entry (for example cash book; sales journal etc. "cash book"

Answer 1