Question 1 Alan runs his own e-marketing consulting business called Alan E-Marketing. On 1st January 2019, the business of Alan E-Marketing had the following accounts and balances in its general ledger. Accounts title RM Cash at Bank 4,000 Accounts Receivable 12,000 Motor Vehicle 20,000 Office Equipment 4,000 Accounts Payable 6,000 Capital: Alan Tan 34,000 For the month of January, Alan E-Marketing completed the following transactions. Jan 4 Purchased office equipment RM3,800 on credit from Jop Office Supplies. Jan 8 Received a cheque of RM7,500 from accounts receivable Jan 10 Provided consultancy service on credit to Frankie for RM4,500 Jan 13 Paid the balance due of RM6,000 to accounts payable by cheque. Jan 17 Paid in full to Jop Office Supplies for the office equipment bought on January 4. Jan 20 Received RM2,600 commission by cheque for introducing a client to another business. Jan 31 Paid rent RM1,500 by cheque Required: Record the opening balances and the transactions for the month of January in the GENERAL LEDGER. Prepare a TRIAL BALANCE from the general ledger balances as at 31st January 2019.

Question 1 Alan runs his own e-marketing consulting business called Alan E-Marketing. On 1st January 2019, the business of Alan E-Marketing had the following accounts and balances in its general...

Question 1

Alan runs his own e-marketing consulting business called Alan E-Marketing. On 1st January 2019, the business of Alan E-Marketing had the following accounts and balances in its general ledger.

Accounts title	RM
Cash at Bank	4,000
Accounts Receivable	12,000
Motor Vehicle	20,000
Office Equipment	4,000
Accounts Payable	6,000
Capital: Alan Tan	34,000

For the month of January, Alan E-Marketing completed the following transactions.

Jan 4	Purchased office equipment RM3,800 on credit from Jop Office Supplies.
Jan 8	Received a cheque of RM7,500 from accounts receivable
Jan 10	Provided consultancy service on credit to Frankie for RM4,500
Jan 13	Paid the balance due of RM6,000 to accounts payable by cheque.
Jan 17	Paid in full to Jop Office Supplies for the office equipment bought on January 4.
Jan 20	Received RM2,600 commission by cheque for introducing a client to another business.
Jan 31	Paid rent RM1,500 by cheque

Required:

Record the opening balances and the transactions for the month of January in the GENERAL LEDGER.

Prepare a TRIAL BALANCE from the general ledger balances as at 31st January 2019.

Jun 03, 2022

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Question 1 Alan runs his own e-marketing consulting business called Alan E-Marketing. On 1st January 2019, the business of Alan E-Marketing had the following accounts and balances in its general...

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