Download xlsx - Business Accounting Assignment Answers

General JournalGeneral JournalDateParticularDebitCreditMarch1VanRM24,500.00FixturesRM6,000.00InventoriesRM28,890.00KateRM400.00HumphreyRM1,800.00Bank RM12,540.00CashRM450.00 GarthRM600.00 LilyRM2,000.00 CapitalRM71,980.00(Opening balance in the beginning of the month)2Computer and PrinterRM7,000.00 OfficeworldRM7,000.00(Both assets were bought on account)

TOTALRM81,580.00RM81,580.00General JournalDateParticularDebitCreditApril3FixturesRM6,400.00 AngeloRM6,400.00(Fixtures were bought on credit)

TOTALRM6,400.00RM6,400.00

General JournalDateParticularDebitCreditMay19VanRM3,000.00 Jasper LtdRM3,000.00(Van was bought on credit)

TOTALRM3,000.00RM3,000.00

Cash BookCash Book

DateParticularDiscountCashBankDateParticularDiscountCashBankMar-141Balance b/dRM2,450.00RM12,540.005SationeryRM1,000.0030HumphreyRM1,000.008RentRM1,500.009Advertising expensesRM500.0025BillsRM500.0026WagesRM3,600.00OfficeworldRM4,000.00

31Balance c/dRM1,450.00RM3,440.00RM3,450.00RM12,540.00RM3,450.00RM12,540.00

Apr-14Apr-141Balance b/dRM1,450.00RM3,440.006ElsaRM300.005LilyRM250.008RentRM1,500.0016Insurance PremiumRM150.0029Wages RM5,000.00Balance c/dRM2,760.00Balance c/dRM1,050.00RM1,450.00RM6,500.00RM1,450.00RM6,500.00

May-14May-14Balance b/dRM1,050.001Balance b/dRM2,760.0020KateRM20.00RM380.003RentRM1,500.00TonyRM20.00RM380.0014Motor ExpensesRM130.00PaddyRM40.00RM760.0017DrawingsRM200.00HumphreyRM60.00RM1,140.0024GarthRM40.00RM760.00LilyRM227.50RM4,322.5027SalariesRM5,000.003130RatesRM660.00Jasper LtdRM3,000.00

RM15,342.50RM140.00RM1,050.00RM18,002.50RM267.50RM18,002.50

Sheet2RETURN INWARDS DAY BOOKMay18TonyRM160.00PaddyRM180.00RETURN OUTWARDS DAY BOOKMay21FrankRM90.00RETURN INWARDS DAY BOOKDateParticularAmountMay18TonyRM160.00PaddyRM180.00TOTALRM340.00

RETURN OUTWARDS DAY BOOKDateParticularAmountMay21FrankRM90.00TOTALRM90.00

Purchase Day BookPURCHASES DAY BOOKDateParticularAmountMarch5LilyRM2,800.00TotalRM2,800.00April3BarnfieldRM2,100.00TotalRM2,100.00May4GarthRM200.00LampardRM560.00ShinjiRM380.00FrankRM690.0022JohnRM890.00LeslieRM720.00TotalRM3,440.00

PURCHASES DAY BOOKDateParticularAmountApril3BarnfieldRM2,100.00TotalRM2,100.00

PURCHASES DAY BOOKDateParticularAmountMay4GarthRM200.00LampardRM560.00ShinjiRM380.00FrankRM690.0022JohnRM890.00LeslieRM720.00TotalRM3,440.00

Sales Day BookSALES DAY BOOKDateParticularAmountMarch11ElsaRM5,000.00TOTALRM5,000.00April4CarlaRM750.00TOTALRM750.00May7TonyRM560.00WinstonRM780.00PaddyRM980.00CandoRM480.00DebbieRM1,180.00HumphreyRM400.0018WinstonRM220.00KagawaRM670.00TOTALRM5,270.00

SALES DAY BOOKDateParticularAmountMarch11ElsaRM5,000.00TOTALRM5,000.00

SALES DAY BOOKDateParticularAmountApril4CarlaRM750.00TOTALRM750.00

SALES DAY BOOKDateParticularAmountMay7TonyRM560.00WinstonRM780.00PaddyRM980.00CandoRM480.00DebbieRM1,180.00HumphreyRM400.0018WinstonRM220.00KagawaRM670.00TOTALRM5,270.00

Ledgers (Acc. Receivable-Cash) HumphreyMarch1Balance b/dRM1,800.0030CashRM1,000.0031Balance c/dRM800.00RM1,800.00RM1,800.00April1Balance b/dRM800.0030Balance c/dRM800.00

May1Balance b/dRM800.0020BankRM1,140.00SalesRM400.00Discount AllowedRM60.00RM1,200.00RM1,200.00

KateMarchmay 1Balance b/dRM400.0020BankRM380.00Discount AllowedRM20.00RM400.00RM400.00

TonyMay7SalesRM560.0018Return InwardsRM160.00BankRM380.00Discount AllowedRM20.00RM560.00RM560.00

PaddyMay7SalesRM980.0018Return InwardsRM180.00BankRM760.00Discount AllowedRM40.00RM980.00RM980.00

InventoriesMar-14Mar-141Balance b/dRM28,890.0031Balance c/dRM28,890.00

Apr-14Apr-141Balance b/dRM28,890.0030Balance c/dRM28,890.00

May-14May-141Balance b/dRM28,890.0031Balance c/dRM28,890.00

Jun-141Balance b/dRM28,890.00

KateMar-14Mar-141Balance b/dRM400.0031Balance c/dRM400.00

Apr-14Apr-141Balance b/dRM400.0030Balance c/dRM400.00

May-14May-141Balance b/dRM400.0020BankRM380.00Discounts AllowedRM20.00RM400.00RM400.00

Sheet1VanMarchMarch1Balance b/dRM24,500.0031Balance c/dRM24,500.00AprilApril1Balance b/dRM24,500.0030Balance c/dRM24,500.00MayMayBalance b/dRM24,500.0031Balance c/dRM27,500.00Jasper LtdRM3,000.00 RM27,500.00RM27,500.00

Balance b/dRM27,500.00

FixturesMarchMarch1Balance b/dRM6,000.0031Balance c/dRM6,000.00GarthAprilAprilMarchMarch1Balance b/dRM6,000.0030Balance c/dRM12,400.0031Balance c/dRM600.001Balance b/dRM600.003AngeloRM6,400.00AprilAprilRM12,400.00RM12,400.0030Balance c/dRM600.001Balance b/dRM600.00MayMayMayMayBalance b/dRM12,400.0031Balance c/dRM12,400.0024BankRM760.001Balance b/dRM600.00JuneDiscount ReceivedRM40.00PurchasesRM200.001Balance b/d12400RM800.00RM800.00

OfficeworldMarchMarchLily26Bank40002Computer & Printer7000MarchMarch32Balance c/d3000Balance c/dRM4,800.001Balance b/dRM2,000.00700070005PurchasesRM2,800.00AprilRM4,800.00RM4,800.001Balance b/d300020142014AprilApril5CashRM250.001Balance b/dRM4,800.00Balance c/dRM4,550.00RM4,800.00RM4,800.00MayMayComputer & Printer24BankRM4,322.50Balance b/dRM4,550.00MarchMarchDiscount ReceivedRM227.502OfficeworldRM7,000.0031Balance c/dRM7,000.00RM4,550.00RM4,550.00AprilPurchases1Balance b/dRM7,000.00MarchMarch5Account PayablesRM2,800.0031Balance c/dRM2,800.00AprilApril1Balance b/dRM2,800.0030Balance c/dRM4,900.003BarnfieldRM2,100.00RM4,900.00RM4,900.00MayMayStationeryBalance b/dRM4,900.00Balance c/dRM8,340.00MarchMarch4GarthRM200.005CashRM1,000.0031Balance c/dRM1,000.00LampardRM560.00AprilAprilShinjiRM380.001Balance b/dRM1,000.0030Balance c/dRM1,000.00FrankRM690.00MayMay22JohnRM890.001Balance b/dRM1,000.0031Balance c/dRM1,000.00LeslieRM720.00JuneRM8,340.001Balance b/dRM1,000.00MayBalance b/dRM8,340.00Account PayablesRentMarchMarchMarch31Balance c/d28005Purchases28008Bank1500Balance c/d1500AprilApril1Balance b/d28001Balance b/d1500Bank1500

Advertising ExpensesSalesMarchMarchMarch9Cash500Balance c/d50031Balance c/d500011Elsa5000AprilApril1Balance b/d5001Balance b/d50004Carla750

BillsWagesMarchMarch25Cash50026Bank3600Balance c/d3600

Balance b/d360029Bank5000

BarnfieldAngeloAprilApril3Purchases21003Fixtures6400

CarlaElsaAprilMarchMarch3Sales75011Sales500031Balance c/d5000April1Balance b/d50006Bank300

Insurance PremiumJasper LtdAprilMay16Cash15019Van3000

KateMarchMarch1Balance b/dRM400.0031Balance c/dRM400.00

AprilApril1Balance b/d RM400.0030Balance c/dRM400.00

MayMay1Balance b/dRM400.0020BankRM380.00Discount AllowedRM20.00RM400.00RM400.00

HumpheryMar-14Mar-141Balance b/dRM1,800.0030BankRM1,000.0031Balance c/dRM800.00RM1,800.00RM1,800.00

Apr-14Apr-141Balance b/dRM800.0030Balance c/dRM800.00

May-14May-141Balance b/dRM800.0020Bank RM1,140.007SalesRM400.00Discounts AllowedRM60.00RM1,200.00RM1,200.00

Computer and PrinterOfficeworldMarchMarchMarchMarch2OfficeworldRM7,000.0031Balance c/dRM7,000.0026BankRM4,000.002Computers and printerRM7,000.0031Balance c/d RM3,000.00AprilAprilRM7,000.00RM7,000.001Balance b/dRM7,000.0030Balance c/dRM7,000.00AprilAprilMayMay30Balance c/dRM3,000.001Balance b/dRM3,000.001Balance b/dRM7,000.0031Balance c/dRM7,000.00MayMayJune31Balance c/dRM3,000.001Balance b/dRM3,000.001Balance b/dRM7,000.00June1Balance b/dRM3,000.00

StationeryMarchMarch5CashRM1,000.0031Balance c/dRM1,000.00

AprilApril1Balance b/dRM1,000.0030Balance c/dRM1,000.00

MayMay1Balance b/dRM1,000.0031Balance c/dRM1,000.00

June1Balance b/dRM1,000.00

RentMarchMarch8BankRM1,500.0031Balance c/dRM1,500.00

AprilApril1Balance b/dRM1,500.0030Balance c/dRM3,000.008BankRM1,500.00RM3,000.00RM3,000.00

MayMay1Balance b/dRM3,000.0031Balance c/dRM4,500.003BankRM1,500.00RM4,500.00RM4,500.00


Advertising ExpensesMarchMarch9CashRM500.0031Balance c/dRM500.00

AprilApril1Balance b/dRM500.0030Balance c/dRM500.00

MayMay1Balance b/dRM500.0031Balance c/dRM500.00

June1Balance b/dRM500.00

ElsaMarchMarch11SalesRM5,000.0031Balance c/dRM5,000.00

AprilApril1Balance b/dRM5,000.006BankRM300.0030Balance c/dRM4,700.00RM5,000.00RM5,000.00



BillsMarchMarch25CashRM500.0031Balance c/dRM500.00

AprilApril1Balance b/dRM500.0030Balance b/dRM500.00

MayMay1Balance b/dRM5,000.0031Balance c/dRM500.00


Wages and SalariesMarchMarch26BankRM3,600.0031Balance c/dRM3,600.00

AprilApril1Balance b/dRM3,600.0030Balance c/dRM8,600.0029BankRM5,000.00RM8,600.00RM8,600.00

MayMay1Balance b/dRM8,600.0031Balance c/dRM13,600.0027BankRM5,000.00RM13,600.00RM13,600.00

June1Balance b/dRM13,600.00AngeloAprilApril30Balance c/dRM6,400.003FixturesRM6,400.00

MayMay31Balance c/dRM6,400.001Balance b/dRM6,400.00

June1Balance b/dRM6,400.00BarnfieldAprilApril30Balance c/dRM2,100.003PurchaseRM2,100.00



CarlaAprilApril4SalesRM750.0030Balance c/dRM750.00



Insurance PremiumAprilApril16CashRM150.0030Balance c/dRM150.00


June1Balance b/d RM150.00

LampardMayMay31Balance c/dRM560.004PurchaseRM560.00


DrawingsMayMay17Cash RM200.0031Balance c/dRM200.00


KagawaMayMay18SalesRM670.0031Balance c/dRM670.00


Jasper LtdMayMay31BankRM3,000.0019VanRM3,000.00

Discounts AllowedMayMay20KateRM20.0031Balance c/dRM140.00TonyRM20.00Paddy RM40.00HumpheryRM60.00RM140.00RM140.00


Discounts ReceivedMayMay31Balance c/dRM267.5024GarthRM40.00LilyRM227.50RM267.50RM267.50


JohnMayMay31Balance c/dRM890.0022PurchaseRM890.00


LeslieMayMay31Balance c/dRM720.0022PurchaseRM720.00


SalariesMayMay27BankRM5,000.0031Balance c/dRM5,000.00


ShinjiMayMay31Balance c/dRM380.004PurchaseRM380.00

June1Blance b/dRM380.00

FrankMayMay21Return OutwardsRM90.004Purchase RM690.0031Balance c/dRM600.00RM690.00RM690.00


TonyMayMay7Sales RM560.0018Return InwardsRM160.0020BankRM20.00Discounts AllowedRM380.00RM560.00RM560.00

WinstonMayMay7SalesRM780.0031Balance c/dRM1,000.0018SalesRM220.00RM1,000.00RM1,000.00


PaddyMayMay7SalesRM980.0018Return InwardsRM180.0020BankRM760.00Discounts AllowedRM40.00RM980.00RM980.00

CandoMayMay7SalesRM480.0031Balance c/dRM480.00


DebbieMayMay7SalesRM1,180.0031Balance c/dRM1,180.00


Motor ExpensesMayMay14Cash RM130.0031Balance c/dRM130.00


InventoriesMarchMarch1Balance b/dRM28,890.0031Balance c/dRM28,890.00

AprilApril1Balance b/dRM28,890.0030Balance c/dRM28,890.00



CapitalMarchMarch31Balance c/dRM71,980.001Balance b/dRM71,980.00

AprilApril30Balance c/dRM71,980.001Balance b/dRM71,980.00



SalesMarchMatch31Balance c/dRM5,000.0031Credit sales for the monthRM5,000.00

AprilApril30Balance c/dRM5,750.001Balance b/dRM5,000.0030Credit sales for the monthRM750.00RM5,750.00RM5,750.00

MayMay31Balance c/dRM11,020.001Balance b/dRM5,750.0031Credit sales for the monthRM5,270.00RM11,020.00RM11,020.00


PurchasesMarchMarch31Credit purchases for the monthRM2,800.0031Balance c/dRM2,800.00

AprilApril1Balance b/d RM2,800.0030Balance c/dRM4,900.0030Credit purchases for the monthRM2,100.00RM4,900.00RM4,900.00

MayMay1Balance b/dRM4,900.0031Balance c/dRM8,340.0030Credit purchases for the monthRM3,440.00RM8,340.00RM8,340.00


Return InwardsMayMay31Total return inwards for the monthRM340.0031Balance c/dRM340.00


Return OutwardsMayMay31Balance c/dRM90.0031Total return inwards for the monthRM90.00


Rates20142014MayMay30BankRM660.0031Balance c/dRM660.00

2014June1Balance b/dRM660.00

Elsa20142014MarchMarch11SalesRM5,000.0031Balance c/dRM5,000.00

20142014AprilApril1Balance b/dRM5,000.006BankRM300.0030Balance c/dRM4,700.00RM5,000.00RM5,000.0020142014MayMay1Balance b/dRM4,700.0031Balance c/dRM4,700.00

2014June1Balance b/dRM4,700.00

Sheet3B.BerryTrial balance as at 31 May 2014Debit Credit CashRM720.00BankRM15,342.50CapitalRM73,980.00PurchasesRM8,340.00SalesRM11,020.00VanRM27,500.00FixturesRM12,400.00InventoriesRM28,890.00Office EquipmentRM7,000.00OfficeworldRM3,000.00StationeryRM1,000.00RentRM4,500.00Advertising ExpensesRM500.00ElsaRM4,700.00BillsRM500.00Wages and SalariesRM13,600.00AngeloRM6,400.00BarnfieldRM2,100.00CarlaRM750.00Insurance PremiumRM150.00LampardRM560.00ShinjiRM380.00FrankRM600.00DebbieRM1,180.00CandoRM480.00WinstonRM1,000.00Motor ExpensesRM130.00DrawingsRM200.00KagawaRM670.00Return inwardsRM340.00Return outwardsRM90.00Discount allowedRM140.00Discount receivedRM267.50JohnRM890.00LeslieRM720.00RatesRM660.00

RM115,350.00RM115,350.00