NAME : JASLEEN QISTIENA BINTI ZAINUDDIN

MATRIKS NUMBER : UDE210044

COURSE : FINANCIAL AND REPORTING I ( UDE1003 )

TUTORIAL 4

Question 1

Amir Sdn Bhd is a business that sell plastic toys. During May 2020, the following transactions
occurred.

AMIR SDN BHD

DATE ACCOUNT TRANSACTIONS FOLIO DEBIT KREDIT

1 BANK RM305,400
CASH RM15,000
INVENTORY RM8,000

2 RENT RM800
CASH RM800

3 PURCHASED GOODS RM500

ACCOUNTS PAYABLE RM500

5 ADVERTISEMENT RM50
CASH RM50

9 CASH RM3,000
SELL TOYS RM3,000

12 MAINTENANCE RM700
CASH RM700

13 ACCOUNTS RECEIVABLE RM45,000

SALES REVENUE RM45,000

15 ACCOUNTS RECEIVABLE RM 4,500

SALES REVENUE RM4,500

17 REPAIR MACHINES RM1,800

CASH RM1,800

20 ACCOUNTS PAYABLE RM500

 CASH RM500
( ON 3 MAY )

23 BANK RM3,000
ACCOUNTS RECEIVABLE RM3,000
( TRANSACTION ON 15 MAY )

26 VEHICLES RM75,000
MAYBANK LOAN RM75,000

29 ACCOUNTS RECEIVABLE RM3,000

CASH RM1,500
BANK RM1,500

30 SALES RETURN RM450

ACCOUNTS RECEIVABLE RM450

30 SALARIES RM10,500
CASH RM10,500

Question 2
Panasonik Trading is business selling computers and parts. The following transactions took place in
month of April 2019.

PANASONIK TRADING
DATE ACCOUNT TRANSACTIONS FOLIO DEBIT KREDIT
2 CASH 40,000
VAN 25,000
COMPUTER 6,000
OWNER’S EQUITY 71,000
3 BANK 50,000
BANK LOAN 50,000
4 PURCHASED 32,300
ACCOUNTS PAYABLE – ASUS BHD 18,000
-ACER BHD 14,300
5 BANK 4,000
CASH 4,000
7 CASH 10,000
SALES REVENUE 10,000
8 ACCOUNTS PAYABLE – ASUS BHD 18,000
- ACER BHD 14,300
BANK 32,300
9 ACCOUNTS RECEIVABLE – KOMPUTER 10,000
KITA TRADING 10,000
SALES REVENUE
10 PURCHASED 7,000
CASH 7,000
13 CASH 2,000
PURCHASED RETURN 2,000
15 SALES RETURN 1,500
ACCOUNT RECEIVABLE 1,500
20 RENT 800
CASH 800
25 UTILITY 1,500
CASH 1,500
29 SALARIES 2,500
CASH 2,500
30 WITHDRAW 350
PURCHASED 350

PREPARE THE LEDGER FOR EACH ACCOUNT INVOLVED IN ABOVE TRANSACTION

 CASH

DATE RM DATE RM
2019 2019
APRIL 2 OWNER’S EQUITY 40,000 APRIL 5 BANK 4,000
7 SALES REVENUE 10,000 10 PURCHASED 7,000
13 PURCHASED RETURN 2,000 20 RENT 800

25 UTILITY 1,500

29 SALARIES 2,500

VAN

DATE RM

2019

APRIL 2 OWNER’S EQUITY 25,000

COMPUTER

DATE RM

2019

APRIL 2 OWNER’S EQUITY 6,000

BANK
DATE RM DATE RM

2019 2019

APRIL 3 BANK LOAN 50,000 APRIL 8 ACCOUNTS PAYBLE 32,300

5 CASH 4,000

BANK LOAN

DATE RM

2019

APRIL 3 BANK 50,000

PURCHASED

DATE RM RM

2019

APRIL 4 ACCOUNTS PAYBLE 32,300 APRIL 13 PURCHASED RETURN 2,000

10 CASH 7,000

ACCOUNTS PAYBLE

DATE RM DATE RM

2019 2019

APRIL 8 BANK 32,300 APRIL 4 PURCHASED 32,300

ACCOUNTS RECEIVABLE
DATE RM

2019

APRIL 9 SALES REVENUE 10,000

SALES REVENUE

DATE DATE RM

2019 2019

APRIL 15 SALES RETURN 1500 APRIL 7 CASH 10,000

APRIL 9 ACCOUNT RECEIVABLE 10,000

PURCHASED RETURN

DATE RM DATE

2019 2019

APRIL 13 CASH 2000

SALES RETURN

DATE RM

2019

APRIL 15 SALES 1,500

RENT
DATE RM

2019

APRIL 20 CASH 800

UTILITY

DATE RM

2019

APRIL 25 CASH 1,500

SALARIES

DATE RM

2019

APRIL 29 CASH 2,500

WITHDRAW

DATE RM

2019

APRIL 30 INVENTORY 350

INVENTORY

DATE RM

2019

APRIL 30 WITHDRAW 350

 OWNER’S EQUITY

DATE RM
2019
APRIL 2 CASH 40,000
COMPUTER 6,000
VAN 25,000

PREPARE THE TRIAL BALANCE AS AT 30 APRIL 2019

 PANASONIK TRADING
TRIAL BALANCE
APRIL 30 2019

RM RM

CASH 36,200

BANK 21,700

VAN 25,000

COMPUTER 6,000

BANK LOAN 50,000

PURCHASED 36,950

ACCOUNTS RECEIVABLE 8,500

SALES REVENUE 20,000

PURCHASED RETURN 2,000

SALES RETURN 1,500

RENT 800

UTILITY 1,500

SALARIES 2,500

WITHDRAW 350

OWNER’S EQUITY 71,000

141,350 143,000

Question 3
Lina started a consulting firm, Lina Consulting, on May 1, 2020. The following transactions occurred
during the month of May.

LINA CONSULTING
DATE ACCOUNT TRANSACTIONS FOLIO DEBIT KREDIT
1 CASH 8,000
CAPITAL 8,000
2 RENT 800
CASH 800
3 OFFICE SUPPLIES 500
ACCOUNTS PAYBLE 500
5 ADVERTISEMENT EXPENSE 50
CASH 50
9 CASH 3,000
SERVICE REVENUE 3,000
12 REPAIR EXPENSE 700
CASH 700
15 ACCOUNT RECEIVABLE 5,300
SERVICE REVENUE 5,300
17 SALARIES 1,000
CASH 1,000
20 ACCOUNTS PAYBLE 500
CASH 500
23 ACCOUNTS RECEIVABLE 3,000
CASH 3,000
26 BANK 5,000
BANK LOAN 5,000
29 OFFICE EQUIPMENT 2,800
ACCOUNTS PAYABLE 2,800
30 UTILITY 150
CASH 150

PREPARE THE LEDGER FOR EACH ACCOUNT INVOLVED IN ABOVE TRANSACTION.

 CASH

DATE RM DATE RM

2020 2020

MAY 1 CAPITAL 8,000 MAY 2 RENT 800

9 ACCOUNT RECEIVABLE 3,000 5 ADVERTISEMENT 50

EXPENSE

12 REPAIR EXPENSE 700

17 SALARIES 1,000

20 ACCOUNTS PAYBLE 500

23 ACCOUNTS RECEIVABLE 3,000

30 UTILITY 150

CAPITAL

DATE RM

2020

MAY 1 CASH 8,000

RENT

DATE RM

2020

MAY 2 CASH 800

OFFICE SUPPLIES
DATE RM

2020

MAY 3 ACCOUNT PAYBLE 500

ACCOUNTS PAYBLE

DATE RM DATE RM

2020 2020

MAY 20 CASH 500 MAY 3 OFFICE SUPPLIES 500

15 SERVICE EXPENSE 5,300

29 OFFICE EQUIPMENT 2,800

ACCOUNTS RECEIVABLE

DATE RM DATE RM

2020 2020

MAY 23 CASH 3,000 MAY 9 CASH 3,000

ADVERTISMENT EXPENSE

DATE RM

2020

MAY 5 CASH 50
 SERVICE EXPENCE

DATE RM

2020

MAY 15 ACCOUNT PAYBLE 5,300

SALARIES

DATE RM

2020

MAY 17 CASH 1,000

BANK

DATE RM

2020

MAY 26 BANK LOAN 5,000

BANK LOAN

DATE RM

2020

MAY 26 BANK 5,000

OFFICE EQUIPMENT

DATE RM

2020

MAY 29 ACCOUNT PAYBLE 2,800

 UTILITY

DATE RM

2020

MAY 30 CASH 150

REPAIR EXPENCE

DATE RM

2020

MAY 12 CASH 5,300

PREPARE THE TRIAL BALANCE AS AT 30 MAY 2020

LINA CONSULTING
TRIAL BALANCE
MAY 30 2020

RM RM
CASH 4,800
CAPITAL 8,000
RENT 800
OFFICE SUPPLIES 500
ACCOUNT PAYBLE 8,100
ADVERTISMENT EXPENSE 50
SERVICE EXPENSE 5,300
SALARIES 1,000
BANK 5,000
BANK LOAN 5,000
OFFICE EQUIPMENT 2,800
UTILITY 150
REPAIR EXPENCE 5,300
SERVICE REVENUE 3,000

TOTAL 25,700 24,100