EXERCISE ON DOUBLE ENTRY

Techies Hardware is a sole proprietorship owns by Encik Arrian. The main activity is selling and
trading computer hardwares. The following are transactions of Techies Hardware for the month of
April 2019.
Date Transactions DEBIT CREDIT
1 The owner, Encik Arrian, contributes Cash in hand Capital
RM100,000 cash in hand and furniture worth Furniture RM110,000
RM10,000 into the business. RM100,000

1 Open a bank account and transfer RM90,000 Bank account Cash

cash into bank account. RM90,000 RM90,000
2 The business purchased an office equipment Office equipment Acc payable-
RM20,000 on credit from Magnus Sdn Bhd. RM20,000 Magnus Sdn Bhd
RM20,000
2 Bought goods on credit from Alchemist Trading Purchases Acc payable-
RM2,400. RM2,400 Alchemist
Trading RM2,400
3 Bought furniture from Bristle Sdn Bhd costing Furniture Acc payable-
RM10,000 on credit RM10,000 Bristle Sdn Bhd
RM10,000
5 Purchased computer hardwares from Computer Acc payable-
Clockwerk Trading RM10,600 on credit. hardware Clockwerk
RM10,600 Trading
RM10,600
5 Cash sales RM600. Cash Sales
RM600 RM600
6 Paid RM2,400 to Alchemist Trading by cheque Acc payable- Bank
for goods purchased on 2 April 2018. Alchemist RM2,400
Trading RM2,400
8 Paid RM5,000 to Bristle Sdn Bhd for amount Account payable- Bank
owed by cheque. Bristle Sdn Bhd RM5,000
RM5,000
9 Sold goods on credit RM1,600 to Enigma Acc receivable- Sales
Trading. Enigma Trading RM1,600
RM1,600
10 Sold goods on credit RM2,160 to Juggernaut Acc receivable- Sales
Trading. Juggernaut RM2,160
Trading RM2,160
11 Juggernaut Trading returned wrong hardwares Return inward Acc receivable-
to the business worth RM500. RM500 Juggernaut
Trading RM500
12 Received cash RM1,600 from Enigma Trading. Cash Enigma Account
Trading RM1,600 receivable
RM1,600
 EXERCISE ON DOUBLE ENTRY
13 Sold goods on cash RM1,660 to Legion Cash Sales
Trading. RM1,660 RM1,660
14 Owner took a set of computer hardware Drawings Purchase
amounting RM400 for his son’s birthday. RM400 RM400
23 The business paid insurance expense of Insurance Bank
RM2,000 by cheque. RM2,000 RM2,000
24 Paid of RM1,000 for shop rental by cash. Shop rental Cash
RM1,000 RM1,000
30 Owner took RM1,000 cash for personal Drawings Cash
expense. RM1,000 RM1,000