BAYZ ENTERPRISE

Transactions throughout October 2018 ;

Oct 1 – Invest into the business RM 160,000 as capital.

Bank RM 100,000
Premise RM 40,000
Fitting and fixtures RM 20,000
Operates an imprest system for petty cash with an imprest amount of RM 150.

3 – Purchased RM 21,000 from Siti Co. on credit with credit term 2/10.

4 – Purchased 60 watches (RM 150 each) by cheque totaled RM 9,000.

6 – Sold 30 watches at RM 6,900 to Yana Ltd. Yana is expected to receive

settlement discount 3% within 7 days.
Brought in RM 15,000 cash into business.

7 – Sold goods at RM 11,500 by cheque.

9 – Paid to Siti Co. RM 20,580 to settle debt.

Owner took RM 500 cash to celebrate her daughter’s birthday.

10 – Purchased 120 watches from Iskandar Enterprise at RM 18,000 on credit and

100 watches from Nur Ltd. at RM 15,000 on credit.
Aminah Enterprise bought 90 watches with credit term 3/10.

11 – Returned 40 watches to Iskandar at RM 6,000.

Received payment from Yana Ltd. RM 6,693 to settle transaction on 6/10.
Bought stationery RM 30.

12 – Cash sales RM 13,800.

Aminah returned goods RM 4,600 and settle her debt at RM 15,617.
Bought stamps RM 10.

13 – Credit sales to Yana Ltd. RM 16,100 and Aminah Enterprise RM 13,800 with
credit term 3/10.

14 – Rent received RM 2,500 in cash.

Purchased 100 watches (RM 15,000) on cash and another RM 15,000 from
Muhammad Co. on credit.

15 – Paid half of the monthly wages at RM 9,500 by cheque.

Returned 20 watches to Muhammad Co. at RM 3,000.
Transferred RM 9,000 cash into the bank account.
Oct 17 – Paid Nur Ltd. RM 14,700. (entitled to receive cash discount RM 300)
Purchased from Iskandar Enterprise RM 2,550.

19 – Credit sales to BieBie Ltd. (70 watches) at RM 16,100. BieBie was expected
to receive cash discount 3% within 7 days.
Bought coffee and biscuits at RM 35.
Credit purchase from Nur Ltd. RM 7,500.

20 – Paid to Iskandar RM 12,000 to settle transaction on 10/10.

Zakirah bought 30 watches at RM 6,900 with credit term 3/10 and sold 50
watches on credit to Yana Ltd.

21 – Paid insurance RM 20,000 for two months.

Paid postage RM 30 and travelling expense RM 40.

22 – Zakirah bought another 20 watches at RM 4,600 with credit term 3/10.

Credit purchase from Alya Co. RM 13,500.

23 – Paid to Muhammad Co. RM 11,760 to settle debt.

Zakirah returned goods RM 460.
Purchase return to Alya Co. RM 1,500.

25 – Paid utilities RM 500.

Drawing RM 690 from inventory for owner’s personal use.

26 – Bought goods from Siti Co. on credit RM 3,450.

Fathir Enterprise bought 60 watches (RM 13,800) on credit.

28 – Received cash from Zakirah RM 6,693 to settle debt on 20/10.

Credit sales to Yana Ltd. RM 9200.

30 – Purchased from Alya Co. RM 7,500 (50 watches) with credit term 2/10.

31 – Replenished petty cash account with RM 145.

BieBie Ltd. paid RM 16,100.