Question

ACC 106FINANCIAL ACCOUNTING SIMULATION ASSIGNMENT Rainbow Cafe had the following assets and liabilities on 1.3.2012: cutting edge RM60,000, Kitchen equipment RM40,000, Furniture RM7,000. Stock in trade in RM30,000, Vendors: Teh Maniz Traders RM6,800, Kopiko Traders RM17,700, Bank Overdraft RM60,000, Customers: dent & ribaldry RM15,500, Ten-Ten Enterprise RM33,000. 3 lowlife against inPurchased goods from Kopiko Traders RM5,000 on credit. 5 sueSold goods on credit to Sugar & spice up RM7,500. 7 serve veritable debit note from Kopiko Traders RM500. 11 March give Ten-Ten Enterprise RM20,000 by cheque. 19 butt againstSettled RM700 by cheque for repairs of van. 21 MarchReceived invoice from Teh Maniz Traders RM3,200. 22 MarchSugar & ribaldry pay RM10,000 by cheque , discount of 5% allowed. 23 MarchGave Ten-Ten Enterprise a credit note RM200 for damaged goods. 25 marchHalf year interest on rely overdraft due. Interest is at 5% p.a. 26 MarchPaid utilities bill R M800 and salaries RM2,200 by cheque. 28 MarchRent for March owing RM1,500 was not paid yet.

30 MarchPurchased refreshing tables and chairs RM3,300. needed 1. Record all the above transactions into the relevant journals. 2. punt the transactions into ledgers. 3. Prepare a trial balance as at 31 March 2012. Note: Answers must be typed written (use computer) Groups of 4 persons Due date to be submitted on 8.3.2012 Assignment to be sent to my room A014 ( put downstairs the door)If you want to get a full essay, order it on our website: BestEssayCheap.com

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