BACHELOR OF BUSINESS ADMINISTRATION WITH HONOURS

(SARJANA MUDA PENTADBIRAN PERNIAGAAN DENGAN KEPUJIAN)

SEMESTER 4 / 2022

BBAW2103

FINANCIAL ACCOUNTING

NO. MATRIKULASI :
NO. KAD PENGENALAN :
NO. TELEFON :
E-MEL :
PUSAT PEMBELAJARAN :
 TABLE OF CONTENT

NO PAGE

1.0 ASSIGNMENT 1: (CLO 2)

Question 1a 1
- Table 1 : Summary of Ananlysis Transaction
for Syarikat Pandora

Question 2b 2
- Journal 1 : General Journal for Syarikat Pandora

2.0 ASSIGNEMENT 2: (CLO 2)

Question 2a 3-4
2.1 Worksheet for Kejora Enterprise
2.2 Adjusted Trial Balance for Kejora Enterprise

Question 2b 5
- Kejora Enterprise Income Statement

Question 2c 6
- Kejora Enterprise Balance Sheet

3.0 Reference 7

4.0 Online Class Participation 8-12

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ASSIGNMENT 1 : ( CLO2) - QUESTION 1a

Table 1: Summary of Analysis of Transaction for Syarikat Pandora in January

Transaction Asset = Liability + Owner’s Equity

Cash + Bank + Equipment + Supplies NP + AP Capital

1 100,000 = 100,000
Capital
contribution
from Aiman
Balance 100,000 + + + = + + 100,000

2 50,000 = 50,000
Balance 100,000 + 50,000 + + = 50,000 + + 100,000

3 (5,000) 5,000 =

Balance 95,000 + 50,000 + 5,000 + = 50,000 + + 100,000

4 (2,400) = (2,400)
Rental for office
space
Balance 92,600 + 50,000 + 5,000 + = 50,000 + + 97,600

5 8,000 = 8,000
Completed
service for
customer
Balance 100,600 + 50,000 + 5,000 + = 50,000 + + 105,600

6 2,000 = 2,000

Balance 100,600 + 50,000 + 5,000 + 2,000 = 50,000 + 2,000 + 105,600

157,600 157,600

Asset = Liability + Owner’s Equity

Cash + Bank + Equipment + Supplies = Not Payable + Account Payable+ Equity

100,600 50,000 5,000 2,000 = 50,000 2,000 105,600

157,600 157,600

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ASSIGNMENT 1 : ( CLO2)

QUESTION 1b –
Table 2: Journal Entries for Syarikat Pandora for January

Journal Entries:
J1
Date Accounts and Description Referenc Debit Credit
e (RM) (RM)
1 Jan Cash L11 100,000
Capital, Aiman L31 100,000
(Capital Contribution from Aiman)
5 Jan Bank L12 50,000
Notes Payable L21 50,000
(Notes Payable with Bank)
10 Jan Equipment L13 5,000
Cash L11 5,000
(Bought Equipment by Cash)
15 Jan Office Rental Expenses L51 2,400
Cash L11 2,400
(Payment for Office Space Rental)
18 Jan Cash L11 8,000
Revenue L41 8,000
(Completed Service for Customers)
20 Jan Supplies L14 2,000
Account Payable L22 2,000
(Pandora Purchased Supplies)
Journal 1: General Journal for Syarikat Pandora for the month of January

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ASSIGNMENT 2 : (CLO 2)

QUESTION 2a -

2.1 Table 3: Worksheet for Kejora Enterprise

Name of Account Trial Balance Adjusted Adjusted Trial Balance

Debit Credit Debit Credit Debit Credit
Cash 185,000 185,000  
Account Receivable 152,000 152,000  
Prepaid Insurance 24,000 (7)12,000 12,000  
Inventory 228,000 228,000  
Office Supplies 45,000 (2)20,000 25,000  
Prepaid Advertising 34,000 (6)31,000 3,000  
Equipments 226,000 226,000  
Accumulated depreciation- 104,000 (1)22,600 126,600
 
Equipments
Unearned Sales Revenue 37,000   37,000
Accounts Payable 175,000   175,000
Rental Payables (3)22,000   22,000
Salaries Payables (4)33,000   33,000
Utility Payables (5)3,500   3,500
Bank Loan 120,000   120,000
Accrued Interest (8)9,000   9,000
Capital- Kejora 240,000   240,000
Sales Revenue 420,000   420,000
Salary Expenses 58,000 (4)33,000 91,000  
Rental Expenses 132,000 (3)22,000 154,000  
Utilities Expenses 12,000 (5)3,500 15,500  
Depreciation Expenses (1)22,600 22,600  
Office Supplies Expenses (2)20,000 20,000  
Advertising Expenses (6)31,000 31,000  
Insurance Expenses (7)12,000 12,000  
Interest Expenses (8) 9,000 9,000  
Total
1,096,00 1,096,00 153,100 153,100 1,186,100 1,186,100

Based on the worksheet completed for Kejora Enterprise, the Adjusted Trial Balance for
Kejora Enterprise is as follows, with a total of RM1,186,100 in debit and credit.

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2.2 Table 4 :Adjusted Trial Balance for Kejora Enterprise

Kejora Enterprise
Adjusted Trial Balance
As at 31 December 2021
Nama of Account Debit Credit
Cash 185,000  
Account Receivable 152,000  
Prepaid Insurance 12,000  
Inventory 228,000  
Office Supplies 25,000  
Prepaid Advertising 3,000  
Equipments 226,000  
Accumulated depreciation-Equipments 126,600
 
Unearned Sales Revenue   37,000
Accounts Payable   175,000
Rental Payables   22,000
Salaries Payables   33,000
Utility Payables   3,500
Bank Loan   120,000
Accrued Interest   9,000
Capital- Kejora   240,000
Sales Revenue   420,000
Salary Expenses 91,000  
Rental Expenses 154,000  
Utilities Expenses 15,500  
Depreciation Expenses 22,600  
Office Supplies Expenses 20,000  
Advertising Expenses 31,000  
Insurance Expenses 12,000  
Interest Expenses 9,000  
Total
1,186,100 1,186,100

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ASSIGNMENT 2 : (CLO 2)

QUESTION 2b

Table 5 : Income Statement for Kejora Enterprise for the year ended 31 December 2021

Kejora Enterprise
Income Statement
For the Year Ended 31 December 2021

RM RM
Revenue:
Sales Revenue 420,000

Expenses:
Salary Expenses 91,000
Rental Expenses 154,000
Utilities Expenses 15,500
Depreciation Expenses 22,600
Office Supplies Expenses 20,000
Advertising Expenses 31,000
Insurance Expenses 12,000
Interest Expenses 9,000 355,100
Net Profit 64,900

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ASSIGNMENT 2 : (CLO 2) -QUESTION 2c

Table 6 : Balance Sheet for Kejora Enterprise as at 31 December 2021

Kejora Enterprise
Balance Sheet as at 31 December 2021
RM RM RM
Fixed Asset :
Equipment 226,000
Accumulated depreciation-Equipments -126,600
Net Equipment 99,400

Current Asset :
Cash 185,000

Account Receivable 152,000

Prepaid Insurance 12,000

Inventory 228,000

Office Supplies 25,000

Prepaid Advertising 3,000

Total Current Assets 605,000
Current Liability:
Unearned Sales Revenue 37,000

Accounts Payable 175,000

Utility Payable 3,500

Rental Payable 22,000

Salaries Payable 33,000

Accrued Interest 9,000

Total Current Liabilities 279,500

Net Working Capital(CA-CL) 325,500
Net Asset 424,900

Finance By :
Capital- Kejora 240,000
Net Profit 64,900
Total Equities 304,900

Non-Current Liability:
Bank Loan 120,000
Total Non-Current Liability 120,000

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Total Equities and Non-Current Liabilities 424,900

Appendix

3.0 Reference

Nor Asma Jamaludin, Nor Asma Lode, Junaidah Hanim Ahmad, Azlan Zainal Abidin, Amin

Ali, Norazita Marina Abd Aziz, Prof Dr Ku Nor Izah Ku Ismail, Dr Natrah Saad, &

Zurida Azahari. (2021). Financial Accounting (4th ed.). Open University Malaysia.