ACW2420 Ooi Yong Sheng 30389321 Part 1 of AIS Assignment Tutorial Group 1

Trial Balance
MyGames
As of Jun 30, 2020
ACCOUNTS DEBIT CREDIT
Assets
Accounts Receivable 13,680.00 0.00
Accounts Receivable 5,000.00 0.00
Accumulated Depreciation-Cash Register 0.00 33.00
Accumulated Depreciation-Machine and boom gate 0.00 42.00
Cash at Bank 96,290.00 0.00
Inventory 0.00 12,900.00
Inventory 11,500.00 0.00
Total Assets 126,470.00 12,975.00
Liabilities
Accounts Payable 0.00 9,000.00
Sales returns and allowances 200.00 0.00
Total Liabilities 200.00 9,000.00
Equity
Owner's Equity 0.00 308,000.00
Total Equity 0.00 308,000.00
Trial Balance - MyGames Created on May 24, 2020

As of Jun 30, 2020 Page 1 / 2
Income
Discount Received 0.00 190.00
Sales 0.00 15,800.00
Total Income 0.00 15,990.00
Expenses
Bad Debt 1,320.00 0.00
Cost of Goods Sold 12,650.00 0.00
Depreciation Expense-Cash Register 33.00 0.00
Depreciation Expense-machine and boom gate 42.00 0.00
Inventory Write-Off 250.00 0.00
Purchase 205,000.00 0.00
Total Expenses 219,295.00 0.00
Total for all accounts 345,965.00 345,965.00
Trial Balance - MyGames Created on May 24, 2020

As of Jun 30, 2020 Page 2 / 2
Balance Sheet
MyGames
As of Jun 30, 2020
ACCOUNTS Jun 30, 2020
Assets
Total Cash and Bank MYR88,390.00
Total Other Current Assets MYR25,180.00
Total Long-term Assets -MYR75.00
Total Assets MYR113,495.00
Liabilities
Total Current Liabilities MYR8,800.00
Total Long-term Liabilities MYR0.00
Total Liabilities MYR8,800.00
Equity
Total Other Equity MYR0.00
Total Retained Earnings MYR104,695.00
Total Equity MYR104,695.00
Balance Sheet - MyGames Created on May 24, 2020

As of Jun 30, 2020 Page 1 / 1
Profit and Loss
MyGames
Date Range: Jan 01, 2020 to Jun 30, 2020
Jan 01, 2020

ACCOUNTS
to Jun 30, 2020
Income MYR15,990.00
Cost of Goods Sold MYR217,650.00
Gross Profit -MYR201,660.00

As a percentage of Total Income -1,261.16%
Operating Expenses MYR1,645.00
Net Profit -MYR203,305.00

As a percentage of Total Income -1,271.45%
Profit and Loss - MyGames Created on May 24, 2020

Date Range: Jan 01, 2020 to Jun 30, 2020 Page 1 / 1
Account Transactions
MyGames
Date Range: Jan 01, 2020 to Jun 30, 2020
Accrual (Paid & Unpaid)
DATE DESCRIPTION DEBIT CREDIT BALANCE
Accounts Receivable
Under: Asset > Cash and Bank
Starting Balance MYR0.00
Account Receivable from

Jun 01, 2020 MYR5,000.00 MYR5,000.00
previous business
Totals and Ending Balance MYR5,000.00 MYR0.00 MYR5,000.00
Balance Change
MYR5,000.00
Difference between starting and ending balances
Cash at Bank
MYR200,000.0
Jun 01, 2020 Purchase of land using cash -MYR200,000.00
0
Purchase ticket machine and

Jun 01, 2020 MYR5,000.00 -MYR205,000.00
boom gate
Owner deposited cash into MYR300,000.0

Jun 01, 2020 MYR95,000.00
company 0
Jun 01, 2020 Purchase of Cash Register MYR5,000.00 MYR90,000.00
Jun 11, 2020 Paid the amount owing to Sony MYR9,310.00 MYR80,690.00
Jun 14, 2020 Software sales MYR2,500.00 MYR83,190.00
Jun 14, 2020 Revenue from car park MYR5,000.00 MYR88,190.00
Jun 17, 2020 Refund to customer MYR200.00 MYR87,990.00
Jun 29, 2020 Cash sales of software MYR3,000.00 MYR90,990.00
Account Transactions - MyGames Created on May 24, 2020

Cash at Bank
MYR315,800.0
Totals and Ending Balance MYR219,510.00 MYR96,290.00
0
Balance Change
MYR96,290.00
Inventory
Jun 14, 2020 Software sales MYR1,250.00 -MYR1,250.00
Jun 17, 2020 Refund to customer MYR100.00 -MYR1,150.00
Jun 28, 2020 Sold Goods on credit to Tesco MYR10,000.00 -MYR11,150.00
Jun 29, 2020 Cash sales of software MYR1,500.00 -MYR12,650.00
Jun 30, 2020 Inventory Write-Off MYR250.00 -MYR12,900.00
Totals and Ending Balance MYR100.00 MYR13,000.00 -MYR12,900.00
Balance Change
-MYR12,900.00
Allowance For Doubtful Debts

Under: Asset > Receivable
Jun 30, 2020 Allowance For Doubtful Debts MYR720.00 -MYR720.00
Totals and Ending Balance MYR0.00 MYR720.00 -MYR720.00
Balance Change
-MYR720.00

Accounts Receivable
Under: Asset
Jun 28, 2020 Sold Goods on credit to Tesco MYR15,000.00 MYR15,000.00
Jun 30, 2020 Bad Debts MYR600.00 MYR14,400.00
Balance Change
MYR14,400.00
Inventory
Under: Asset > Inventory
Jun 01, 2020 Inventory MYR3,000.00 MYR3,000.00
Jun 01, 2020 Purchase of Cash Register MYR5,000.00 MYR8,000.00
Jun 02, 2020 Purchased inventory from Sony MYR10,000.00 MYR18,000.00
Purchase inventory from

Jun 02, 2020 MYR8,000.00 MYR26,000.00
Microsoft
Jun 05, 2020 Return goods to Sony MYR500.00 MYR26,500.00
Totals and Ending Balance MYR26,500.00 MYR15,000.00 MYR11,500.00
Balance Change
MYR11,500.00
Accumulated Depreciation-Cash Register

Under: Asset > Depreciation and Amortization
Jun 30, 2020 Depreciation-Cash Register MYR33.00 -MYR33.00

Accumulated Depreciation-Cash Register
Balance Change
-MYR33.00
Accumulated Depreciation-Machine and boom gate

Depreciation-Machine and
Jun 30, 2020 MYR42.00 -MYR42.00
boom gate
Balance Change
-MYR42.00
Accounts Payable
Under: Liability
Jun 02, 2020 Purchased inventory from Sony MYR10,000.00 MYR10,000.00
Purchase inventory from

Jun 02, 2020 MYR8,000.00 MYR18,000.00
Microsoft
Jun 05, 2020 Return goods to Sony MYR500.00 MYR18,500.00
Jun 11, 2020 Paid the amount owing to Sony MYR9,500.00 MYR9,000.00
Totals and Ending Balance MYR9,500.00 MYR18,500.00 MYR9,000.00
Balance Change
MYR9,000.00

Sales returns and allowances
Under: Liability > Other Short-Term Liability
Jun 17, 2020 Refund to customer MYR200.00 -MYR200.00
Balance Change
-MYR200.00
Sales
Under: Income > Income
Totals and Ending Balance MYR0.00 MYR15,800.00 MYR15,800.00
Balance Change
MYR15,800.00
Discount Received
Under: Income > Discount
Jun 11, 2020 Paid the amount owing to Sony MYR190.00 MYR190.00
Totals and Ending Balance MYR0.00 MYR190.00 MYR190.00
Balance Change
MYR190.00

Bad Debt
Under: Expense > Operating Expense
Jun 30, 2020 Bad Debts MYR600.00 MYR600.00
Jun 30, 2020 Allowance For Doubtful Debts MYR720.00 MYR1,320.00
Balance Change
MYR1,320.00
Depreciation Expense-Cash Register

Jun 30, 2020 Depreciation-Cash Register MYR33.00 MYR33.00
Balance Change
MYR33.00
Depreciation Expense-machine and boom gate

Depreciation-Machine and
Jun 30, 2020 MYR42.00 MYR42.00
boom gate
Balance Change
MYR42.00

Inventory Write-Off
Jun 30, 2020 Inventory Write-Off MYR250.00 MYR250.00
Balance Change
MYR250.00
Cost of Goods Sold

Under: Expense > Cost of Goods Sold
Jun 17, 2020 Refund to customer MYR100.00 MYR1,150.00
Balance Change
MYR12,650.00
Purchase
Under: Expense > Cost of Goods Sold
MYR200,000.0
Jun 01, 2020 Purchase of land using cash MYR200,000.00
0
Jun 01, 2020 Ticket machine and boom gate MYR5,000.00 MYR205,000.00
MYR205,000.0
Totals and Ending Balance MYR0.00 MYR205,000.00
0
Balance Change
MYR205,000.00

Owner's Equity
Under: Equity > Retained Earnings: Profit
Owner deposited cash into MYR300,000.0

Jun 01, 2020 MYR300,000.00
company 0
Jun 01, 2020 Inventory MYR3,000.00 MYR303,000.00
Account Receivable from

Jun 01, 2020 MYR5,000.00 MYR308,000.00
previous business
MYR308,000.0
Totals and Ending Balance MYR0.00 MYR308,000.00
0
Balance Change
MYR308,000.00


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Trial Balance

ACCOUNTS DEBIT CREDIT

Accounts Receivable 13,680.00 0.00

Accounts Receivable 5,000.00 0.00

Accumulated Depreciation-Cash Register 0.00 33.00

Accumulated Depreciation-Machine and boom gate 0.00 42.00

Cash at Bank 96,290.00 0.00

Inventory 0.00 12,900.00

Inventory 11,500.00 0.00

Total Assets 126,470.00 12,975.00

Accounts Payable 0.00 9,000.00

Sales returns and allowances 200.00 0.00

Total Liabilities 200.00 9,000.00

Owner's Equity 0.00 308,000.00

Total Equity 0.00 308,000.00

Trial Balance - MyGames Created on May 24, 2020

Discount Received 0.00 190.00

Sales 0.00 15,800.00

Total Income 0.00 15,990.00

Bad Debt 1,320.00 0.00

Cost of Goods Sold 12,650.00 0.00

Depreciation Expense-Cash Register 33.00 0.00

Depreciation Expense-machine and boom gate 42.00 0.00

Inventory Write-Off 250.00 0.00

Purchase 205,000.00 0.00

Total Expenses 219,295.00 0.00

Total for all accounts 345,965.00 345,965.00

Trial Balance - MyGames Created on May 24, 2020

ACCOUNTS Jun 30, 2020

Total Cash and Bank MYR88,390.00

Total Other Current Assets MYR25,180.00

Total Long-term Assets -MYR75.00

Total Assets MYR113,495.00

Total Current Liabilities MYR8,800.00

Total Long-term Liabilities MYR0.00

Total Liabilities MYR8,800.00

Total Other Equity MYR0.00

Total Retained Earnings MYR104,695.00

Total Equity MYR104,695.00

Balance Sheet - MyGames Created on May 24, 2020

Jan 01, 2020

Cost of Goods Sold MYR217,650.00

Gross Profit -MYR201,660.00

Operating Expenses MYR1,645.00

Net Profit -MYR203,305.00

Profit and Loss - MyGames Created on May 24, 2020

DATE DESCRIPTION DEBIT CREDIT BALANCE

Starting Balance MYR0.00

Account Receivable from

Totals and Ending Balance MYR5,000.00 MYR0.00 MYR5,000.00

Starting Balance MYR0.00

Purchase ticket machine and

Owner deposited cash into MYR300,000.0

Jun 01, 2020 Purchase of Cash Register MYR5,000.00 MYR90,000.00

Jun 14, 2020 Software sales MYR2,500.00 MYR83,190.00

Jun 14, 2020 Revenue from car park MYR5,000.00 MYR88,190.00

Jun 17, 2020 Refund to customer MYR200.00 MYR87,990.00

Jun 29, 2020 Cash sales of software MYR3,000.00 MYR90,990.00

Jun 30, 2020 Revenue from car park MYR5,300.00 MYR96,290.00

Account Transactions - MyGames Created on May 24, 2020

Starting Balance MYR0.00

Jun 14, 2020 Software sales MYR1,250.00 -MYR1,250.00