Mia Toretto has been in business since 1st January 2020. The following is a list of her transaction for January 2020: 1/1/2020 Capital of RM30,000 paid into a business bank account. 2/1/2020 Van purchased on credit from Lang for RM5,000. 6/1/2020 Goods purchased on credit from Green for RM15,000. 10/1/2020 Cheque drawn on the bank for RM1,000 in order to open a petty cash account. 14/1/2020 Goods sold on credit for RM6,000 o Haddock. 18/1/2020 Cash sales of RM5,000. 20/1/2020 Cash purchases of Rm3,000. 22/1/2020 Miscellaneous expenses of RM500 paid out of petty cash. 25/1/2020 Lang’s account settled by cheque. 28/1/2020 Green allows Mia Toretto a cash discount of RM500. 29/1/2020 Green sent a cheque for RM10,000. 30/1/2020 Haddock is allowed a cash discount of RM600. 31/1/2020 Haddock settles his account in cash. Required: Enter the above transaction in Mia Toretto’s ledger accounts
Mia Toretto has been in business since 1st January 2020. The following is a list of her transaction for January 2020:
1/1/2020 Capital of RM30,000 paid into a business bank account.
2/1/2020 Van purchased on credit from Lang for RM5,000.
6/1/2020 Goods purchased on credit from Green for RM15,000.
10/1/2020 Cheque drawn on the bank for RM1,000 in order to open a petty cash account.
14/1/2020 Goods sold on credit for RM6,000 o Haddock.
18/1/2020 Cash sales of RM5,000.
20/1/2020 Cash purchases of Rm3,000.
22/1/2020 Miscellaneous expenses of RM500 paid out of petty cash.
25/1/2020 Lang’s account settled by cheque.
28/1/2020 Green allows Mia Toretto a cash discount of RM500.
29/1/2020 Green sent a cheque for RM10,000.
30/1/2020 Haddock is allowed a cash discount of RM600.
31/1/2020 Haddock settles his account in cash.
Required:
Enter the above transaction in Mia Toretto’s ledger accounts.
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