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The document lists transactions for Aspire Trading during February 2011, including the owner contributing cash and a computer as capital. It also lists purchases of furniture, a motor van, insurance, supplies and repairs being paid for through various methods including cash, credit, and loans. Salaries were also paid to employees at the end of the month.
The document lists transactions for Aspire Trading during February 2011, including the owner contributing cash and a computer as capital. It also lists purchases of furniture, a motor van, insurance, supplies and repairs being paid for through various methods including cash, credit, and loans. Salaries were also paid to employees at the end of the month.
The document lists transactions for Aspire Trading during February 2011, including the owner contributing cash and a computer as capital. It also lists purchases of furniture, a motor van, insurance, supplies and repairs being paid for through various methods including cash, credit, and loans. Salaries were also paid to employees at the end of the month.
RM20,000 into the business. Cash of RM300 was paid as insurance expense. The business purchased furniture from Perabot Industries for RM1,200 and paid cash of RM400, the remainder to be paid later. The owner brought in additional capital in the form of a computer valued at RM1,500.
Journalise the following transactions for Aspire
Trading (Contd.): 2011 February 7
A bank loan of RM8,000 was taken from
Bank Anda, receiving cash for it. 8 Cash of RM30 was paid for sundry expenses. 12 The business bought a motor van from Reliable Used Vehicles for RM30,000 by paying RM10,000, with the remainder to be paid in monthly instalments for the next 20 months. 14 The owner took cash of RM100 for personal use.
Journalise the following transactions for
Aspire Trading (Contd.): 2011 February
17 The business paid RM800 as final
settlement for the furniture bought on 5 Feb. 18 Additional furniture of RM1,000 was purchased on credit from Creations. 19 The business paid RM600 for repairs to the office. 23 Cash of RM160 was paid out for office supplies. 28 Salaries of RM2,000 were paid to employees.