The books of Moon Guardian Sdn Bhd show the following balances on 1 June 2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980 and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows:

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 3.7C
icon
Related questions
Question

please I need complete and correct answer with all work thanks answer in text 

 

7. The books of Moon Guardian Sdn Bhd show the following balances on 1 June
2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980
and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows:
RM
2022
Jun 1
3
4
10
11
12
16
18
21
22
25
29
30
Paid Popular Co by cheque to settle
invoice of RM2,500, less 5% discount
Received cheque for RM1,500 from
Pang Brothers to settle an invoice of
RM1,550.
Paid electricity by cash
Bought goods on credit from Popular Co
Cash sales
Transferred cash from office to bank
Bought a computer by cheque for office
use
The owner drew a business's cheque to
pay his son's tuition fees
Received cheque for RM640 from Lai &
Sons in full settlement of an amount of
RM660
Sold goods on credit to Pang Brothers
Paid Sen Dai Bhd by cheque, RM2,350,
in full settlement of account RM2,400
Transferred personal fixed deposit to
business bank account
Paid cheque for RM1,425 to Popular Co
after deducting 5% discount
Paid insurance by cheque
Withdrew cash from bank for office use
Bank charges
Received cheque for commission
Required:
Enter the above details in a cashbook.
125
1,250
3,500
3,200
3,000
2,185
1,660
3,245
750
500
20
800
Transcribed Image Text:7. The books of Moon Guardian Sdn Bhd show the following balances on 1 June 2022 with cash at the bank valued at RM6,875 and purchase day book (Popular Co: RM6,980 and Sen Dai Bhd RM2,400). Transactions for the month of June 2022 are as follows: RM 2022 Jun 1 3 4 10 11 12 16 18 21 22 25 29 30 Paid Popular Co by cheque to settle invoice of RM2,500, less 5% discount Received cheque for RM1,500 from Pang Brothers to settle an invoice of RM1,550. Paid electricity by cash Bought goods on credit from Popular Co Cash sales Transferred cash from office to bank Bought a computer by cheque for office use The owner drew a business's cheque to pay his son's tuition fees Received cheque for RM640 from Lai & Sons in full settlement of an amount of RM660 Sold goods on credit to Pang Brothers Paid Sen Dai Bhd by cheque, RM2,350, in full settlement of account RM2,400 Transferred personal fixed deposit to business bank account Paid cheque for RM1,425 to Popular Co after deducting 5% discount Paid insurance by cheque Withdrew cash from bank for office use Bank charges Received cheque for commission Required: Enter the above details in a cashbook. 125 1,250 3,500 3,200 3,000 2,185 1,660 3,245 750 500 20 800
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage