Sunny
started an electrical company, Sunny Electrical Company on 1st of
January 2008 with capital RM50, 000.00 in the bank.
The following are the
transactions for the month of January 2018:
02/01/2018 He purchased 1000 bulbs by cheque RM 2,000.00
03/01/2018 He purchased 2000 lamps by cheque RM
10,000.00
04/01/2018 He purchased 500 speakers by cheque RM
15,000.00
05/01/2018 He sold all 1000 bulbs and received cheque RM
2,500.00
06/01/2018 He sold all 2000 lamps and received cheque RM
13,200.00
07/01/2018 He sold all 500 speakers and received cheque
RM 19,500.00
Cheques were issued for the
following expenses:
31/01/2018 Rental RM2,000.00
31/01/2018 Salary RM4,000.00
31/01/2018 Traveling
RM4,00.00