Question 3

1)
Date Particular Debit (RM) Credit (RM)
2015
Jan 2 Cash 8,480.00
Sale 8,000.00
Gst output tax 480.00
(Cash sale) 8,480.00 8,480.00

5 Cash 41,040.00
Purchases discount (40754.72x5%) 2,037.74
Gst output tax (2037.74x6%) 122.26
Putra Heritage Bhd 43,200.00
(received payment from Putra Heritage Bhd and allow discount) 43,200.00 43,200.00

14 Cash 300,000.00
Sekolah Kebangsaan Dua Nilam 300,000.00
(received payament from Sekolah Kebangsaan Dua Nilam) 300,000.00 300,000.00

25 Cash 56,896.00
Warisan Tiong Chun 56,896.00
(Received payament from Warisan Tiong Chun) 56,896.00 56,896.00

Feb 28 Cash 371.00

Sale 350.00
Gst output tax 21.00
(cash sale) 371.00 371.00

Mar 1 Cash 100,884.00

Polytech Gua Gayung 100,884.00
(received payment from Polytech Gua Gayung) 100,884.00 100,884.00

23 Cash 7,844.00
Sale(2200x3+800) 7,400.00
Gst output tax 444.00
(cash sale) 7,844.00 7,844.00

Apr 30 Inventory 601,100.00

Gst input tax 36,066.00
Cash 637,166.00
(Purchases good by cash) 637,166.00 637,166.00

Jun 13 Cash (4982x40%) 1,992.80

Husnin Sdn Bhd 2,989.20
Sale 4,700.00
Gst output tax 282.00
(slae on credit to Husnin Sdn Bhd and received 40% deposit) 4,982.00 4,982.00

Sep 30 Bad debt expense 3,102.00

Husnin Sdn Bhd
3,102.00
(recognized bad debt)
3,102.00 3,102.00
Oct 1 Motor vehicle 78,800.00
Deffered interest 11,820.00
Note payable 90,620.00
(purchases motor vehicle with note payable) 90,620.00 90,620.00

31 Interest expenses (11820/12) 985.00

Deffered interest 985.00
(to record the interest expenses on Oct) 985.00 985.00

Nov 30 Prepaid marketing expenses 17,000.00

Cash 17,000.00
(pay the prepaid marketing expenses by cash) 17,000.00 17,000.00

31 Interest expenses (11820/12) 985.00

Deffered interest 985.00
(to record the interest expenses on Nov) 985.00 985.00

Dec 31 Unearned revenue 60.00

Cash 60.00
(unearned revenue have been received from customer) 60.00 60.00

31 Interest expenses (11820/12) 985.00

Deffered interest 985.00
(to record the interest expenses on Dec) 985.00 985.00