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Question 5 (15 marks) Milah started her business on 1st January 20x4. Below...

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Question

Accounting

Question 5 (15 marks)

Milah started her business on 1st January 20x4. Below are the business transactions

Date

Transactions

Amount $

20x9

Jan-01

Owner contributed into the business

50,000

May-02

Business paid rent by cash

500

Apr-03

Business paid salary by cash

700

May-07

Provided services on account to Lim

10,000

Jun-08

Provided services and collected cash

7,500

Jul-09

Lim paid the business by cash

?

Aug-10

Purchased goods by cash

4,000

Sep-14

Owner withdrew cash for personal use

400

Oct-13

Provided services on account to Ng

24,000

Nov-18

Purchased goods on account from Tim

1,500

Dec-19

Business paid Tim by cash

?

a) Prepare the double entry for all the transactions. The first one is done for you

Date

Particulars

Dr $

Cr $

20x9

1-Jan

Cash

50000

Capital

50000

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