Basic accounting records

Invested RM15,955 cash to start the business.

• cash +

  capital +

• cash +

  invested +

• cash +

  capital -

Hired a secretary at salary of RM1,800 per month.

• salary +

  cash -

• salary -

  cash +

• don't record

Paid cash for a Dell computer, RM3,500.

• cash +

  computer -

• cash -

  computer +

• cash +

  asset +

Purchased office supplies on account, RM750.

• office supplies +

  cash -

• office supplies +

  account payable +

• office supplies +

  bank -

Sold goods worth RM125 in cash.

• cash +

  sales revenue +

• cash +

  goods +

• cash -

  sales revenue -

Paid utility expenses, RM170.

• utility expense - (OE +)

  cash +

• utility expense + (OE-)

  cash -

Withdrew RM10 cash for personal use.

• drawing - (OE+)

  cash +

• drawing + (OE-)

  cash -

Paid RM500 to supplier for account payable due by cash

• cash +

  account payable +

• cash -

  account payable -

Paid secretary’s salary in full for the month of June by cash

• salary expense + (OE-)

  cash +

• salary expense + (OE-)

  cash -