Example question-General journal

Given below are the transactions of MYJ Trading during the month of January 2022

Date Particulars Effect on transaction

2022 Increase/ Double Entry

Decrease
Jan 1 Invested RM100,000 cash in the
business

7 Purchased a van worth RM15,000 on

credit from AZ Motors.

12 Deposited RM50,000 cash into a bank

account

18 Borrowed RM40,000 from a bank. The

loan was to be repaid within 5 years.

21 Paid rent of RM2,000 by cheque.

24 Paid electricity of RM500 by cash

28 The owner withdrew RM1,000 cash

from the business for his own use.

31 Received a cheque RM3,000 for fees

charged on services rendered.
Prepare the general journal for the transaction below.

a) Rahnu Sdn Bhd purchased 2 personal computer costing RM4,

500 per unit on credit from Ladybird Network(M) Sdn Bhd.
b) Purchased accounting books to sell to student from Pustaka
Cemerlang Sdn Bhd costing RM 7,000
c) Payment to Tenaga Nasional Behad RM 750 cash to settle
the electricity bill.
d) Sales made to Symmetrix Technology Sdn Bhd worth RM
2,500 on credit.
e) A credit note RM 500 sent to Symmetrix Technology Sdn Bhd
for goods returned by them.
f) The owner withdraws goods worth RM 600 for personal use.