UBS ACCOUNTING

ASSIGNMENT 1

 

Sunny started an electrical company, Sunny Electrical Company on 1^st 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