AA015_ Chapter 3 Q5/Nor Ismah Isa

Question 1

Jna Sdn Bhd (JSB) runs a business of selling books and stationeries. Below are the
accounts balances as at January 31, 2017.
Account Debit Credit
RM RM
Cash 22,700
Bank 84,200
Accounts Receivable: SMK Simpang 6,900
Inventory 39,800
Office Equipment (Net) 57,600
Capital 200,440
Accounts Payable : Pelangi Book Store 10,200
Accrued Utilities Expense 560
211,200 211,200

At the end of February 2017, all of the business transactions have been recorded in
the following journals:

Sales Journal
Dr Acc Rec
Date Accounts Debited Term
Cr Sales
Feb 10 Tadika Wahid 5/10, n/30 4,200
23 Sekolah Sri Jaya 5/10, n/30 7,800
28 Total 12,000

Purchases Journal
Cr Purchase
Date Accounts Credited Term
Cr Acc Pay
Feb 9 Pustaka Jai Hen 5/10, n/30 5,900
24 Nurudin Book Store 5/10, n/30 6,400
28 Total 12,300

Cash receipts journal

Sales
Cash Bank
Date Accounts Credited Discount
Dr Dr Dr
Feb 4 Accounst Recievable: SMK Simpang 6,555 345
14 Sales 27,210
17 Accounst Recievable: Tadika Wahid 3,743 197
28 Sales 36,550
28 Total 27,210 46,848 542

Cash Payment Journal

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Purchase
Cash Bank
Date Accounts Debited Discount
Cr Cr Cr
Feb 6 Accrued Utilities Expense 560
15 Pelangi Book Store 10,200
17 Drawing 800
18 Accounts Payable : Pustaka Jai 5,605 295
Hen
28 Rent expense 2,400
28 Salaries Expense 6,600
28 Total 1,360 24,805 295

General Journal
Date Accounst Title and Explanations Debit Credit
Feb Sales Return and Allowance 260
15 Accounts Receivable – Tadika Wahid 260
(To record sales return)

Feb Accounts Payable – Nurudin Book Store 600

27 Purchases return and Allowance 600
(To record Sales return)

28 Utilities expense 980

Accrued Utilities Expense 980
( To record utilities expense for February )

REQUIRED:

a. Post all of the above journals’ records into the appropriate accounts in a
General Ledger, Accounts Receivable Subsidiaries ledger and Accounts
Payable Subsidiaries ledger.

b. Prepare a trial balance as at 28 February 2017.

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Question 2

Drun Sdn Bhd (DSB) runs a business selling sports attires. Below are the account
balances recorded on May 31, 2017.

Debit Credit
(RM) (RM)
Accounts Receivable: 13,500 Accounts Payables: 8,660
Johar Sports Recreation Muslim Sports Store
Cash 32,900 Capital 220,540
Bank 90,000
Inventory 44,100
Equipment (Net) 48,700
229,200 229,200

Here are the transactions that took place throughout June 2017;

Jun 2 Sold goods to Perniagaan Musa RM9,300 with credit term 4/10, n / 30
3 Paid all debts to Muslim Sports Store by cheque.
5 Paid rent expense for June RM 2,200.
7 Johar Sports Recreation paid half of the debt by cheque.
10 Purchased the latest sports attire from Jes Sdn Bhd RM 8,500 with a
credit of 4/10, n / 30.
13 Returned some defect clothes to Jes Sdn Bhd RM500.
16 Received payments from Perniagaan Musa, RM 5,000 by cheque.
17 Sold goods to Persatuan Badminton Perak RM2,600 with credit term
4/10, n / 30
19 Paid all debt to Jes Sdn Bhd by cheque.
20 Take two pairs of jerseys worth RM420 for owner’s son.
21 Cash sale RM 25,400.
25 Received payment from Persatuan Badminton Perak by cheque.
26 Purchased the latest sports shoes from Aidem Sdn Bhd RM 9,500 with a
credit of 4/10, n / 30.
28 Paid : Utilities expense RM890 and employee salaries RM4,800.

REQUIRED :

a. Record the business transactions of Drun Sdn Bhd into the sales journals,
purchase journal, cash receipts journal, cash payment journal and general
journal.

b. Post the above journals to Accounts Receivable Subsidiaries ledger and

Accounts Payable Subsidiaries ledger.

c. Prepare a trial balance on 30 June 2017.

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Question 3

Yuyu’s business was established on June 1, 2017. The following transactions were
completed by Yuyu Solution in June 2017.

June Yuyu, Yuyu Solution’s owner, invested RM 60,000 of cash in

1 bank and RM 10,000 cash, in the company.

1 Purchased merchandise on account from Syarikat Zureen, RM

10,600; terms FOB destination, 2/10,n/30.

2 Sold merchandise on account to Syarikat Ghani, RM 9,000;

terms FOB shipping point, 2/10, n/30.

5 Returned RM400 of merchandise purchased on June 1 from

Syarikat Zureen.

9 Received half payment from Syarikat Ghani for sale on June 2

by cheque.

10 Paid Syarikat Zureen for purchased made on June 1, by cheque.

11 Purchased merchandise for cash, RM 6,080.

15 Purchased merchandise on account from Syarikat Ahmad, RM

6,200; terms FOB shipping point, 2/10, n/30.

17 Paid transportation cost for purchase on June 15, RM380.

22 Sold merchandise for cash to Syarikat Nuri, RM12,500, provided

credit term 2/10, n/30.

25 Send credit note to Syarikat Nuri for goods returned, RM720.

29 Paid salary for June, RM 6,000 by cheque.

30 Paid rent for June, RM 2,000.

REQUIRED:

a) Journalize all of the above transactions.

b) Post the appropriate journal to accounts receivable and accounts Payable in
General Ledger.
c) Prepare atrial balance as at June 30, 2017.

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Question 1 (Jna Sdn Bhd)
Accounts Receivables
Date Account Description Debit Credit Balance(
(RM) (RM) RM)
Feb 1 Balance √6,900
4 Bank √6,555
4 Sales Discount √345
15 Sales Return and Allowance √260
17 Bank √3,743
17 Sales Discount √197
28 Sales √12,000 7,800

Accounts Payables
Date Account Description Debit Credit Balance(
(RM) (RM) RM)
Feb 1 Balance √10,200
15 Bank √10,200
18 Bank √5,605
18 Purchases Discount √295
27 Purchase Return and Allowance √600
28 Purchases √12,300 √5,800

Sales Discount
Date Account Description Debit Credit Balanc
(RM) (RM) e(RM)
Feb 28 Accounts Receivables √542 542
Purchases Discount
Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 28 Accounts Payables √295 295

Sales Return and Allowance

Date Account Description Debit Credit (RM) Balance(
(RM) RM)
Feb 15 Accounts Receivables √260 260

Purchases Return and Allowance

Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 27 Accounts Payables √600 600

Bank
Date Account Description Debit Credit Balance(R
(RM) (RM) M)
Feb 1 Balance √84,200
28 Total receipts √46,848
28 Total payment √24,805 √106,243

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Cash
Date Account Description Debit Credit Balance(R
(RM) (RM) M)
Feb 1 Balance √22,700
28 Total receipts √27,210
28 Total payment √1,360 √48,550

Drawing
Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 17 Cash √800 800

Purchases
Date Account Description Debit Credit Balance(R
(RM) (RM) M)
Feb 28 Accounts Payables √12,300 12,300

Sales
Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 14 Cash √27,210
28 Bank √36,550
28 Accounts Receivables √12,000 √75,760

Rent Expense
Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 28 Bank √2,400 2,400

Salaries expense
Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 28 Bank √6,600 6,600

Utilities Expense
Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 28 Accrued Utilities Expense √980 980

Accrued Utilities Expense

Date Account Description Debit (RM) Credit (RM) Balance(RM)
Feb 1 Balance √560
6 Cash √560
28 Utilities Expense √980 √980
(42 x 1 = 42 marks)

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 AA015_ Chapter 3 Q5/Nor Ismah Isa

Jna Sdn Bhd

Trial balance as at 28 February 2017
RM RM
Capital 200,440
Cash 48,550
Bank 106,243
Accounts Receivables 7,800
Accounts Payables 5,800
Sales Discount 542
Purchases Discount 295
Sales Return and Allowance 260
Purchases Return and Allowance 600
Drawing 800
Purchases 12,300
Sales 75,760
Rent Expense 2,400
Salaries expense 6,600
Utilities Expense 980
Accrued Utilities Expense 980
Inventory 39,800
Office Equipment 57,600
283,875 283,875

QUESTION 2

Drun Sdn Bhd

Sales Journal
Dr Acc Rec
Date Accounts Debited Term
Cr Sales
June 2 Perniagaan Musa 4/10, n/30 9,300
17 Persatuan Badminton Perak 4/10, n/30 2,600
30 Total 11,900

Purchases Journal
Cr Purchase
Date Accounts Credited Term
Cr Acc Pay
June 10 Jes Sdn. Bhd 4/10, n/30 8,500
26 Aidem Sdn. Bhd 4/10, n/30 9,500
30 Total 18,000
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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Cash receipts journal
Sales
Cash Bank
Date Accounts Credited Discount
Dr Dr Dr
June 7 Acc. Rec: Johar Sports Recreation 6,750
16 Acc. Rec: Perniagaan Musa 5,000
21 Sales 25,400
25 Acc. Rec: Pers Badminton Perak 2,496 104
30 Total 25,400 14,246 104

Cash Payment Journal

Purchase
Cash Bank
Date Accounts Debited Discount
Cr Cr Cr
June 3 Acc. Payable : Muslim Sports 8,660
5 Rent Expense 2,200
19 Acc. Payable : Jes Sdn. Bhd 7,680 320
28 Utilities expense 890
28 Salaries Expense 4,800
28 Total 7,890 16,340 320

General Journal
Date Accounst Title and Explanations Debit Credit
June Accounts Payable – Jes Sdn. Bhd 500
13 Purchases return and Allowance 500
(To record Purchases return)

June Drawing 420

20 Purchases 420
(To record Sales return)

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Accounts Receivable Subsidiaries ledger
Johar Sports Recreation
Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 1 Balance 13,500
7 Bank 6,750 6,750

Perniagaan Musa
Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 2 Sales 9,300
16 Bank 5,000 4,300

Persatuan Badminton Perak

Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 17 Sales 2,600
25 Bank 2,496
25 Sales Discount 104 0

Accounts Payable Subsidiaries ledger

Muslim Sports Store
Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 1 Balance 8,660
3 Bank 8,660 0

Jes Sdn. Bhd

Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 10 Purchases 8,500
13 Purchases return and Allowance 500
19 Bank 7,680
19 Purchases Discount 320 0

Aidem Sdn. Bhd

Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 26 Purchases 9,500 9,500

Drun Sdn Bhd

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Trial balance as at 30 June 2017
RM RM
Capital 220,540
Cash 50,410
Bank 87,906
Accounts Receivables 11,050
Accounts Payables 9,500
Sales Discount 104
Purchases Discount 320
Purchases Return and Allowance 500
Drawing 420
Purchases (18,000-420) 17,580
Sales (11,900+25,400) 37,300
Rent Expense 2,200
Salaries expense 4,800
Utilities Expense 890
Inventory 44,100
Office Equipment 48,700
268,160 268,160

QUESTION 2

Yuyu Company

Sales Journal
Dr Acc Rec
Date Accounts Debited Term
Cr Sales
June 2 Syarikat Ghani 2/10, n/30 9,000
22 Syarikat Nuri 2/10, n/30 12,500
30 Total 21,500

Purchases Journal
Cr Purchase
Date Accounts Credited Term
Cr Acc Pay
June 1 Syarikat Zureen 2/10, n/30 10,600
15 Syarikat Ahmad 2/10, n/30 6,200
30 Total 16,800

Cash receipts journal

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 AA015_ Chapter 3 Q5/Nor Ismah Isa
Sales
Cash Bank
Date Accounts Credited Discount
Dr Dr Dr
June 1 Capital 10,000 60,000
9 Acc. Rec: Syarikat Ghani 4,410 90
30 Total 10,000 64,410 90

Cash Payment Journal

Purchase
Cash Bank
Date Accounts Debited Discount
Cr Cr Cr
Jun 10 Acc. Payable : Syarikat Zureen 9,996 204
11 Purchases 6,080
17 Carriage Inward 380
29 Salaries Expense 6,000
30 Rent Expense 2,000
28 Total 8,460 15,996 204

General Journal
Date Accounst Title and Explanations Debit Credit
June 5 Accounts Payable – Syarikat Zureen 400
Purchases returned and Allowance 400
(To record Purchases return)

June Sales returned and allowance 720

25 Acc Rec: Syarikat Nuri 720
(To record Sales return)

General ledger
Accounts Receivable
Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 9 Bank 4,410
9 Sales Discount 90
25 Sales returned and allowance 720
30 Sales 21,500 16,280

Accounts Payable
Date Account Description Debit (RM) Credit (RM) Balance(RM)
June 5 Purchases return and Allowance 400
10 Bank 9,996
10 Purchases Discount 204
30 Purchases 16,800 6,200

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 AA015_ Chapter 3 Q5/Nor Ismah Isa

Yuyu Company
Trial balance as at 30 June 2017
RM RM
Capital 70,000
Cash 1,540
Bank 48,414
Accounts Receivables 16,280
Accounts Payables 6,200
Sales Discount 90
Purchases Discount 204
Purchases Return and Allowance 400
Sales Return and Allowance 720
Purchases (16,800+6,080) 22,880
Sales 21,500
Rent Expense 2,000
Salaries expense 6,000
Carriage inward 380
98,304 98,304

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