Reference no: EM132409707
Question
On 1 June 2019, Rusman established a management consultancy firm, RG CONSULTANCY SDN BHD. During the month, Rusman carried out the following transactions:
June 1 Rusman deposited RM25,000 into bank account of RG CONSULTANCY.
4 Paid rent expenses for office premises for the period of one month ending 30th June, RM 2,400.
8 Purchased computer systems on account RM 7,500.
9 Bought car for office use RM 12,000, paying RM 8,000 cash while the giving Note payable for the remainder.
11 Cash received for job completed RM9,500.
15 Paid cash for supplies RM 1,350.
17 Sent invoice to customer for job completed on account, RM6,750.
19 Withdrew cash RM500 to pay for his child school fees.
21 Annual insurance premiums for property and equipment paid amounted to RM 1,100.
25 Utilities expense paid by cash RM 1,050.
26 Received invoices for car expenses, to be paid in the following month, RM750.
27 Received cash from customers for job completed on account, RM4,750.
29 Paid salaries to assistants, RM3,100.
30 Paid cash RM 650 as telephone expenses.
Settled part of the amount owed for the purchased of computer systems, RM 5,000.
REQUIRED:
a) Journalize the transactions for June, 2019 (Explanation is not required).
b) Post the Journal entries to the ledger
c) Prepare unadjusted trial balance for RG CONSULT SDN BHD as of June 30, 2019.
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