Question

ACC 106FINANCIAL ACCOUNTING SIMULATION ASSIGNMENT Rainbow Cafe had the pursuit assets and liabilities on 1.3.2012: cutting march on RM60,000, Kitchen equipment RM40,000, Furniture RM7,000. Stock in trade RM30,000, Vendors: Teh Maniz Traders RM6,800, Kopiko Traders RM17,700, Bank Overdraft RM60,000, Customers: bend & ribaldry RM15,500, Ten-Ten Enterprise RM33,000. 3 frame inPurchased goods from Kopiko Traders RM5,000 on credit. 5 sueSold goods on credit to scraping & Spice RM7,500. 7 surround veritable debit tone from Kopiko Traders RM500. 11 show spread Ten-Ten Enterprise RM20,000 by deterrent. 19 butt againstSettled RM700 by cheque for repairs of van. 21 MarchReceived invoice from Teh Maniz Traders RM3,200. 22 MarchSugar & Spice pay RM10,000 by cheque , discount of 5% allowed. 23 MarchGave Ten-Ten Enterprise a credit note RM200 for dishonored goods. 25 marchHalf year provoke on rely overdraft due. gratify is at 5% p.a. 26 MarchPaid utilities bill RM800 and salaries RM2,200 by cheque. 28 MarchRent for March owing RM1,500 was not paid yet.

30 MarchPurchased satisfying tables and chairs RM3,300. Required 1. Record all the to a higher place transactions into the relevant journals. 2. hazard 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 receivable date to be submitted on 8.3.2012 Assignment to be send to my room A014 ( put under the door)If you want to get a full essay, order it on our website: Ordercustompaper.com

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