Samad is a licensed architect. During the first month of the operation of his business, thefollowing events and transactions occurred.Apr1Invested RM30,000 cash.Hired a secretary receptionist at a salary of RM300 per week payable monthly.Paid office rent for the month RM800.12Purchased architectural supplies on account from XYZ Company RM1,500.Completed design of a building and billed elient RM900 for services.Received RM500 cash advance from ABC Berhad for the design of a newhome.31011Received RM1,500 cash for services completed and delivered to Rita.Paid secretary receptionist for the month RM1,500.Paid RM600 to XYZ Company for accounts payable due.203030Instructionsa) Journalize the transactions.b) Post to the ledger accounts.c) Prepare a trial balance on 30 April 2021.

Name: Samad is a licensed architect. During the first month of the operatio
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Description: Samad is a licensed architect. During the first month of the operation of his business, thefollowing events and transactions occurred.Apr1Invested RM30,000 cash.Hired a secretary receptionist at a salary of RM300 per week payable monthly.Paid office

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Samad is a licensed architect. During the first month of the operation of his businėss, the following events and transactions occurred. Invested RM30,000 cash. Apr 1 1 Hired a secretary receptionist at a salary of RM300 per week payable monthly. Paid office rent for the month RM800. Purchased architectural supplies on account from XYZ Company RM1,500. Completed design of a building and billed client RM900 for services. Received RM500 cash advance from ABC Berhad for the design of a new home. 2 3 10 11 Received RM1,500 cash for services completed and delivered to Rita. Paid secretary receptionist for the month RM1,500. Paid RM600 to XYZ Company for accounts payable due. 20 30 30 Instructions a) Journalize the transactions. b) Post to the ledger accounts. c) Prepare a trial balance on 30 April 2021.

Samad is a licensed architect. During the first month of the operation of his businėss, the following events and transactions occurred. Invested RM30,000 cash. Apr 1 1 Hired a secretary receptionist at a salary of RM300 per week payable monthly. Paid office rent for the month RM800. Purchased architectural supplies on account from XYZ Company RM1,500. Completed design of a building and billed client RM900 for services. Received RM500 cash advance from ABC Berhad for the design of a new home. 2 3 10 11 Received RM1,500 cash for services completed and delivered to Rita. Paid secretary receptionist for the month RM1,500. Paid RM600 to XYZ Company for accounts payable due. 20 30 30 Instructions a) Journalize the transactions. b) Post to the ledger accounts. c) Prepare a trial balance on 30 April 2021.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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