Date

Transactions
(Jan)
Lily started a business with RM 30,000 cash (cash capital) and RM 50,000 car vehicle
1
(non -cash capital).
2 Take loan from Bank Pilihan Rakyat RM 20,000 (non - current liability).
3 Purchase furniture RM 5,000 from Kayu Gempaksz (credit purchase of NCA) on credit.
4 Purchase textile RM 10,000 from Qnk Ent (credit purchase - 1) on credit.
Paid RM 900 cash for a bulk of thread to Qnk Ent (cash purchase) and a 10% cash
5
discount was received (income - 1).
Bought ready-made scarfs worth RM 4,200 from Duck Co. (credit purchase - 2) on
7
credit.
9 Return damaged textile to Qnk Ent worth RM 1,800 (purchase return - 1).
Made cash sales to Puan Mariam worth RM 250 (cash sale) and credit sales to Abu
10
Clothing RM 2,700 (credit sales - 1).
12 Bought accessories RM 850 from The Amelia Sisters on credit (credit purchase - 3).
Received credit note from Duck Co. for defective items return RM 1,300 (purchase
13
return - 2).
Issued a credit note to Abu Clothing for damaged goods returned RM 300 (sales
16
return - 1).
Sold goods to Persatuan Marhaban Semalaysia worth RM 15,000 on credit (credit
17
sales - 2).
18 Obtain a computer for office use on cash worth RM 1,200 (cash purchase of NCA).
20 Syamimi bought goods worth RM 500 on credit (credit sales - 3).
Paid a cheque to Qnk Ent for the amount due RM 7,800 after deducting a cash
21
discount RM 400 (income - 2).
24 Syamimi return wrong items RM 100 (sales return - 2).
Lily took RM 1,000 cash (cash drawings) and goods (goods drawings) worth RM 500 for
26
upcoming festival ceremony in her neighbourhood.
Persatuan Marhaban Semalaysia settle the amount owing by cheque RM 14,480 and a
28
RM 520 cash discount was given (expenses - 1).
30 Paid utility bills RM 3,000 by cash (expenses - 2).
Lily Collins Boutique is a newly established boutique which began its operation on 1 January
2023 and is located in Tanjung Malim, Perak. The boutique is a business selling a variety type
if head scarf and apparel which are shawls, bawal scarfs and modern clothes.