Question

ACC 106FINANCIAL ACCOUNTING SIMULATION ASSIGNMENT Rainbow Cafe had the sideline assets and liabilities on 1.3.2012: cutting margin 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: disfigurement & 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 edulcorate & Spice RM7,500. 7 serve veritable debit pecker from Kopiko Traders RM500. 11 skirt tip over Ten-Ten Enterprise RM20,000 by halt. 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 none RM200 for damage goods. 25 marchHalf year pursuance on rely overdraft due. raise 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 pleasing tables and chairs RM3,300. Required 1. Record all the above transactions into the relevant journals. 2. happen 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 imputable date to be submitted on 8.3.2012 Assignment to be displace to my room A014 ( put under the door)If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper