Faculty of Business Management Diploma of Business Studies (Transport) ACC 106

GROUP : JBM1171B

PREPARED BY: NURUL NADIAH BINTI HUZAINI (2013481646) NURHAWA ILLIYANI BINTI ZAINUDDIN (2013453424) AYU HAZWANI BINTI RAMMAN )2013817742( HATIN TASNIM BINTI HARUN (2013458084)

PREPARED FOR: MADAM NORMALA

INTRODUCTION

Miss Jones set up a business under the name of Jones Boutiques on 1 May 2013. The location of the business is at Lot 223, Jalan Wangsa Maju, Kuala Lumpur. The business sell like shirts, pants and shoes. The following financial transaction occurred during the month of June 2013.

TRANSACTION OF BUSSINESS
2013 May 1

-Started business with RM150,000 cash and RM100,000 in the bank. -Bought Mango Shirts RM 2 000 on credit from Gildan Enterprise, INV NO:205. -Bought Padini Blouse RM 4 550 on credit from Baharudden Company, INV NO:206.

- The owner of the business took RM 500 worth of clothing for his own. - Bought motor vehicle priced at RM 10,000 on credit from Maju Motor.

3 4 6 8

-Sold Mango Shirts on credit to Ika RM 155, INV NO:001. -Bought Guess Short pants RM 5 000 on credit from Guess Bhd, INV NO:101. -Ika returned Mango Shirts RM 250, INV NO: 005 -Sent a cheque RM 2 000 to Gildan Enterprise. - Sold Guess Short pants on credit to Emy RM 4 000, INV NO:002. -Paid RM 4 000 cash to Guess Bhd. -Return Guess Short pants RM 1 000 to Guess Bhd, INV NO:307 -Bought Macbeth Shoes RM 3 000 on credit from Wolfgang Trading, INV NO:103. -Sold Mactbeth Shoes RM 2 100 for cash for Ali. -Emy returned Guess Short pants RM 750, INV NO:003.

9 10 11

13

14 15

-Bought Polo Sweater RM 2 350 by cash to Helbent Shop. -Bought Levis Skinny Jeans RM5000 by cheque from Levis Shop. - Received cheque RM3000 from Emy.

19

- Bought the office equipment RM 2 500 on credit from Ali Enterprise. - Sold Polo Sweater RM 2 200 by cheque to Yana.

22 23 24

-Paid wages RM 10,000 by cheque. -Received interest of RM 250 by cash. -Paid amount owed RM 3 000 to Wolfgang Trading by cheque deduction cash discount of 5%.

25 26 27 28 30

-Padini Blouse RM 3 220 for cash to Ida. -Received cash comission of RM 150. -Paid electricity bill RM 400. -Return Padini Blouse RM 550 to Baharudden Company, INV NO:308. - Paid RM 4 000 by cash to Baharudden Company. - Farah returned skinny jeans RM500, INV NO: 006.

31

-Received cash RM 3 000 from Farah.

Asif Labu Clothing Dr cash bank Ika Emy Farah Return inwards Motor vehicles Drawing Purchase Office equipment Rent Wages Electricity Trial balance at 31 May 2013 RM 14770 sales 95550 capital 100 return outwards 250 received interest 940 received commisions 1500 maju motor 10000 Ali 500 discount received 21400 2500 200 1000 400 282110 Cr RM 17510 250000 1550 250 150 10000 2500 150

282110