The following are the list of Balances of SUNSHINE Company
as at 1.2.2012
RM
Land and building
450,000.
Furniture and Fittings
35,000.
Office Equipment
25,000.
Motor Vehicles
75,000.
Inventory
5,000.
Trade Receivables
12,000.
Trade Payables
8,000.
Bank Loan
200,000.
Bank
13,000.
Cash in Hand
1,000.
Capital
408,000.
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We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry
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