Reference no: EM132766875
Question 1 - From the following transactions prepare simple cash book.
Cash in hand 32.500
Cash paid to Rohan 8,000
Goods purchased 3,000
Cash received from Tanaya 2,000
Cash Sales 4,000
Paid wages 4,000
Salary paid 3,000
Cash paid to Manish 3,500
Rent paid 2,500
Question 2 - Rizaiman Hamburger shop sells hamburger and chips to students in surrounded schools, The owner. Mr Rizal recorded the transactions happened in the first week of August into his noteboo.
1. Received $1,500 cash for selling 300 hamburgers.
2. Purchased 20 kg of hamburger meat from a local butcher on credit, each kg cost $5
3. Paid gas expense by cash $400
4. Paid weekly wages to Julia of $400
5. Send invoice to a local resident for setting a hamburger party, $600
6. Sold off old hamburger machine cost $500 for $650
7. Repay loan instalment of $500 that includes $20 interest
8. Mr Rizal withdrew $300 cash for personal use
9. Purchased a new hamburger machine cost $1,200 with paying 10% of cash deposit, and the rest is on credit payable in 2 months.
Required - Show the effect of each of the above transactions (plus sign (+) for increasing effect. Minus sign(-) for decreasing effect in the traction analysis table provided. You are not required to calculate the new balance after each transaction has been entered.