Faculty of Hotel and Tourism Management

HM111 2A

Group Assignment
Introduction to Financial Accounting (ACC 117)

Name Student ID
Janice James 2022834626
Bernisha Chinduk 2022400754
Sharifah Natavvea
Erriendi Astiera 2022614348

Prepared for:
Madam Susana Narawi

Date of Submission:
NO. CONTENT PAGE
1. ACKNOWLEDGEMENT

2. INTRODUCTION OF ASSIGNMENT

3. BUSINESS BACKGROUND

4. BUSINESS TRANSACTIONS

5. JOURNAL

6. LEDGER

7. TRIAL BALANCE

8. CONCLUSION

TABLE OF CONTENTS
 BUSINESS BACKGROUND

Miss Beatrice Anak Janggu is the owner of a custom embroidery tote bag that offers tote bag
that is essential wear and fashionable. Her business was established on 1st October 2021. The
business name is SulambyBea. This customized product allows everyone to be fashionable in
their own taste. The target customers for this business is students.

Location: Lot 36, Taman Putri Selayang, Lorong 2E 98000 Miri Sarawak.

Contact No: 0195941803

Operating Hours: 8:00 am – 10:00 pm

Website: https://www.sulambybea.com.my
BUSINESS TRANSACTION

After operating her business on 1st October 2021, Miss Beatrice had the following
transactions to be recorded:
Date Transaction
Oct 1 The owner banked in cash to the business RM30,000
Oct 2 The owner brought office equipment worth RM8,000
Oct 3 Purchase sewing machine by cheque RM2,990 from Singer
Oct 5 Purchase goods on credit from Astrid worth RM3,500
Oct 7 Bought goods on credit from Billy worth RM500
Oct 8 Bought goods by cheque worth RM50
Oct 9 Purchase goods on credit worth RM150
Oct 11 Sold goods on credit to Fizi worth RM100
Oct 12 Goods returned by Fizi worth RM50
Oct 13 The owner took goods worth RM100 for personal use
Oct 14 Paid rental RM1,000 by cash
Oct 15 Sold goods on credit to Mike worth RM90
Oct 16 Goods returned by Mike worth RM30
Oct 17 Sold goods by cash to Nicky worth RM250
Oct 18 Loan from bank worth RM5,000
Oct 21 Return goods worth RM150 to Astrid
Oct 22 Return goods worth RM100 to Billy
Oct 25 Bought goods worth RM450 by cheque
Oct 27 The owner took goods worth RM90 for personal use
Oct 28 Received RM150 from Nicky by cheque
Oct 30 Received RM150 from Oscar by cheque
JOURNALS