Business Transactions Assignment

On 1 January 2019, Syafini started a business, Smart Trading, which sells sports equipment. She brought into the business a used car valued at RM48,000 and cash RM200,000.

The business transactions in January 2018 for Smart Trading were as follows:


Date Descriptions
Jan 2 Opened a bank account with Bumi Bank and transferred cash RM180,000 into the bank account
Jan 3 Paid rent RM3,200 by cheque
Jan 4 Paid RM11,200 by cheque for the purchase of office equipment from CM Center
Jan 5 Received invoices from

Ali Sdn. Bhd RM16,000 (received a trade of discount 2%)

Jaya Trading RM18,000 (received a trade discount of 3%)

Jan 6 Syafini withdrew cash RM2,400 for her own use
Jan 7 Cash sale of RM2600 was credited into the bank
Jan 10 Received cash RM60 from the customer for repairing sports equipment
Jan 13 I received a credit note from Ali Sdn. Bhd for goods returned to the amount of RM1200. The goods were bought by Ali Sdn. Bhd on Jan 5, 2018

Jan 14 Credit sales to Marsitah RM4,800
Jan 15 Purchased a car by credit from Protono Motor costing RM40,000
Jan 16 Syafini took a table tennis set which cost RM800 for her personal use
Jan 17 Received a cheque from Marsitah to settle her account and she was given 2% cash discount
Jan 20 Paid office expenses by cash RM500
Jan 30 Cheque received from Marsitah on 17 Jan was returned due to insufficient funds


Record the transaction into first book entry (without posting to the ledger) .

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
project management
thank you
Customer 462327, November 16th, 2022
Business Studies
Problems 1 and 6 were wrong, I got a 75%
Customer 462485, October 16th, 2022
Check the APA cover page sample on this student paper
Customer 462457, March 29th, 2022
Customer 463473, November 1st, 2022
Art (Fine arts, Performing arts)
Always follow instructions, especially on style.
Customer 460547, March 29th, 2022
Excellent work. Very grateful. Thank you. Will use again.
Customer 454227, April 4th, 2020
Excellent job. I was sure the writer will do a perfect job and submit on time. Thank you!
Customer 462359, November 19th, 2022
English 101
Customer 460641, April 13th, 2022
Web Design
Well done
Customer 452441, April 15th, 2022
i requested peer reviewed nursing journals as part of my paper, however, I never received them after I requested them twice. If I had received these journals, I would have scored the quality of the paper an 10/10!!!
Customer 461063, October 30th, 2022
Great job
Customer 452947, January 22nd, 2020
Good job
Customer 456821, December 26th, 2022
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat