Question

Cahaya Sdn Bhd was formed on 1 March 2020. The transactions for March 2020 in the records of Cahaya Sdn Bhd are as the following:

2020

March    1    Started business with RM16,000 in the bank.

              2    Bought van paying by cheque RM6,400.

              5      Bought office fixtures RM900 on credit from Lama Sdn Bhd.

             8      Bought van on credit from Super Cars Bhd RM7,100.

           12     Took RM180 out of the bank and put it into the cash till.

             15    Bought office fixtures paying by cash RM120.

             19     Paid Super Cars Bhd a cheque for RM7,100.

             21     A loan of RM500 cash is received from Mr. Barakah.

             25     Paid RM400 of the cash in hand into the bank account.

             30     Bought more office fixtures paying by cheque RM480.

Required;

Prepare journal entries to record the above transactions in the book of Cahaya Sdn Bhd.

Answer 1

Thank you.

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