Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 5 QUESTION 1 Miss Diana, an owner of a stationery shop in Johor, just started her business. The following are transactions of Creative Stations

image text in transcribed

image text in transcribed

1 5 QUESTION 1 Miss Diana, an owner of a stationery shop in Johor, just started her business. The following are transactions of Creative Stations for the month of March 2020: March Transactions 2020 Miss Diana started a business with RM 25,000 in the bank account and shop furniture worth RM 5,000. Purchased goods worth RM 6,000 by cheque from Shopper Distributor. Sold good worth RM 1,200 on credit to Alex Corporations. 7 Withdraw RM 3,000 from business bank account to be used as cash in the shop. Alex Corporations returned defected goods worth RM 200. Purchased goods worth RM 10,000 on credit from stationery dealers, Happy Trading Sold RM 5,000 worth of stationeries by cash to Kedai Oppa. Miss Diana took cash RM 1,000 for her personal use. 17 Paid rental expenses of RM 900 by cheque. 19 Paid electricity and water RM 230 by cash. Issued a cheque amounted to RM 5,000 as partial payment to Happy Trading 9 11 13 15 21 b) Prepare a Trial Balance as at 31 March 2020. (12 MARKS)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions