Question

SECTIONB (60 Marks) There are TWO (2) questions in this section. Answer ALL questions using the spac provided in the Question Paper Question 1 Bread Pudding Catering and Restaurant started its operation on 1st January 2017. The company begins its operation with Cash in hand RM5,000 and Cash at bank RM45,000. During the first month of its operation the following transactions occurred: Purchased delivery van worth RM60,000 from MyBank. Paid 20% deposit by cheque and agreed to pay the balance on monthly installment. Jan 2 5 The business bought RM7,500 worth of supplies from Dodol Enterprise on credit. RM300 worth of supplies was returned to Dodol Enterprise as they were not in good conditions. 10 Completed order for Datin Djasriza baby shower party and billed the client for RM2,200 15 Completed catering order for Neelofa Holding worth RM1,200 and received cheque. On the same day, the owner took cash from the shop amounting to RM1,500 for his personal use 19 The business purchase RM500 worth of additional supplies from Bahulu Enterprise by cash. Received cheque from Datin Djasriza for the payment of the service made on 10th January 23 Invoiced Kedai Putu Piring for catering rendered worth RM1,200 28 Paid workers' salaries totalling to RM5,000 and settle payment to Dodol Enterprise by cheque

NOTE!! Read the requirement before doing
record transaction into approprite journal.
and then record in ledger and trial balance

Answer 1

JOURNAL ENTRIES:

JANUARY 2nd

Delivery Van A/c Dr 60000

To Bank A/c 12000

To Loan Payable 48000

(Being Van purchased worth RM 60000, 12% paid by cheque and balance in loan instalments)

JANUARY 5th

Purchase A/c Dr 7500

To Dodol Enterprises(Creditor) 7500

(Being Supplies purchased from Dodol Enterprises on Credit)

JANUARY 7th

Dodol Enterprises A/c Dr 300

To Purchase Return A/c 300

(Being goods purchased from Dodol Enterprises returned because of being in bad condition)

JANUARY 10th

Datin Djasriza (A/c receivable) A/c Dr 2200

To Sales A/c 2200

(Being amount billed to the client for completed order)

JANUARY 15th

Bank A/c Dr 1200

To Sales 1200

(Being Amount received from Neelofa for completed catering)

Drawing A/c Dr 1500

To Cash 1500

(Being amount withdrawn for personal use)

JANUARY 19th

Purchase A/c Dr 500

To Cash 500

(Being additional supplies purchased from Bahulu Enterprises for Cash)

Bank A/c Dr 2200

To Datin Djasriza A/c 2200

(Being amount received from Datin for sales made on January 10th)

JANUARY 23rd

Kedai Putu A/c Dr 1200

To Sales 1200

(Being amount invoiced for catering rendered)

JANUARY 28th

Salaries A/c Dr 5000

To Bank 5000

(Being amount paid to workers as salary)

Dodol Enterprises A/c Dr 7200

To Bank A/c 7200

(Being amount settled of Dodol Enterprises)

LEDGERS

  DELIVERY VAN ACCOUNT

Jan 2nd To Bank A/c 12000

Jan 2nd To Loan Payable 48000 Jan 31 By Bal c/d 60000

60000   60000

  

BANK ACCOUNT

Jan 1 To Balance b/d 45000 Jan 2nd By Delivery Van 12000

Jan 15 To Sales 1200 Jan 28th By Salaries 5000

Jan 19th To Datin Djasriza 2200 Jan 28th By Dodol Enterprises 7200

Jan 31st By Balance c/d(bf) 24200

48400 48400

CASH ACCOUNT

Jan 1st To balance b/c 5000 Jan 15th By Drawings 1500

Jan 19th By Purchase 500

Jan 31st By Balance c/d(bf) 3000

5000 5000

LOAN PAYABLE ACCOUNT

Jan 31st To balance c/d 48000 Jan 2nd By Delivery Van A/c 48000

48000 48000

PURCHASE ACCOUNT

Jan 5th To Dodol Enterprises 7500   

Jan 19th To Cash 500 Jan 31st By Balance c/d 8000

8000 8000

DODOL ENTERPRISES

Jan 7th To Purchase Return 300 Jan 5th By Purchase A/c 7500

Jan 28th To Bank 7200

7500 7500   

PURCHASE RETURN ACCOUNT

Jan 31st To Balance c/d 300 Jan 7th By Dodol Enterprises 300

300 300

DATIN DJASRIZA ACCOUNT

Jan 10th To Sales A/c 2200 Jan 19th By Bank 2200

2200 2200

SALES ACCOUNT

Jan 10th By Datin Djasriza 2200

Jan 15th By Bank 1200

Jan 31st To Balance c/d 4600 Jan 23rd By Kedai Putu 1200

4600 4600

DRAWING ACCOUNT

Jan 15th To Cash 1500 Jan 31st By balance c/d 1500

1500 1500

KEDAI PUTU ACCOUNT

Jan 23rd To Sales 1200 Jan 31st By balance c/d 1200

1200 1200

SALARIES ACCOUNT

Jan 28th To Bank 5000 Jan 31st By balance c/d 5000

5000 5000