Prepare trial balance for transactions, Cost Accounting

Encik Farid, a sole trader, started his business on 1 May 2010 under the name Farid Enterprise. The following are his business transactions for the month of May

a. Encik Farid brought in cash RM51,000 and used motor van valued at RM25,000 for business purposes

b. Opened a business bank account at Maybank and banked in RM45,000 cash

c. Paid office rental RM1,000 by cheque

d. Purchased office equipment from Gergasi Berhad for RM5,500, paying RM3,000 in cash

e. Paid office rental RM900 cheque

f. Paid RM1,000 cash on account for office equipment purchased in transaction d

g. RM500 cash was paid for advertising

h. Paid office salaries by cheque RM3,000

i.  Encik Farid withdrew RM1,000 cash for own use

j.  Received commission RM750 by cheque

Required:

Prepare Trial Balance as at 31 May 2010 for above transactions.

Posted Date: 3/19/2013 5:32:00 AM | Location : United States







Related Discussions:- Prepare trial balance for transactions, Assignment Help, Ask Question on Prepare trial balance for transactions, Get Answer, Expert's Help, Prepare trial balance for transactions Discussions

Write discussion on Prepare trial balance for transactions
Your posts are moderated
Related Questions
Find Out the Memorandum Reconciliation Account The givens are the final accounts of a company for the year ending on date 31st December 1999. Manufacturing Trading Loss and Pr

Devprop Leasing Co.is an industrial property development company, that typically develops warehouse and industrial complexes in new or underdeveloped areas, operates these complexe


9. When in the management process do managers seek an answer to the question "Did we meet our cost-reduction goals for non-value-adding activities?" a. Planning b. Performing c. Ev

The following information pertains to Tudor Logistics Company: 200X Information: Sales                                      $4,875,000 Selling expense


Sales Budget It provides volume of sales and sales mix of the recent operations. The sales forecast is initially prepared and upon completion the sales budget is finalized. Th

Limitations of abc analysis

A foreign company plans to clear several dozen acres of ecologically valuable mangrove swamp in Vietnam for the creation of a shrimp aquaculture facility. This decision will create

Workmen shoes accumulated the following production and cost data for the past 5 months. i)  Using the high/low method calculate the variable cost per unit and the fixed cos