| University | Nanyang Polytechnic (NYP) |
| Subject | BM4112: Principles of Financial Accounting |
BM4112: Principles of Financial Accounting Assignment, NYP, Singapore Yeo Legal provides legal services and the following transactions occurred in July 20X7
Question 1
Yeo Legal provides legal services and the following transactions occurred in July 20X7:
Required:
- Prepare the journal entries to record the above transactions for the month of July 20X7.
- Post the above transactions to the Cash Account in the general ledger assuming the opening balance as of 1 July 20X7 was $20,000. Follow the format below to do the posting to the Cash Account.
Question 2
Enrich Education Lab provides language enrichment classes to primary school students. It had the following normal account balances as of 1 May 20×9:
Required:
- Prepare the journal entries to record the above transactions for the month of May 20X9.
- Post the above transactions to the Cash at Bank Account, Supplies Account and Fees Earned Accounting the general ledger. Follow the format below to do the posting.
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