1.record all the transaction into a journal entry.

2. post all the transaction based on the journal to the appropriate ledger account.

3. transfer all the closing balance to the Trial Balance. State all the details clearly (title. date,debit,credit,amount in RM etc)

Business Transactions Date Transactions Jan 1 The owner started the business with cash amount RM50,000 2 Bought office furniture on credit from Office Talk Co for RM20,000 4 Bought 2 lorries from MW Auto for RM10,000 on cash 5 Paid RM2750 for a one-year accident insurance policy 5 Bought air-conditioners from Smart-tech from RM6100 on credit, eligible for a discount of 5% for full payment within 14 days from the purchase date. 7 Sold some furniture for RM2700 on credit to Mr Gale 8 Returned defective furniture to Office Talk Co RM20,000 9 Paid RM3500 rent for the current month and RM21,000 paid as advance rent for 6 months 10 Borrowed RM450,000 from HSBC Bank for business use by signing a loan agreement 11 Mr Gale paid the amount owing RM2700 by cheque 11 Sold some furniture to Ms Ivy and received cash for RM3000 13 Sold some furniture on credit to Omega Inc for RM7800 15 Sold furniture for RM4100 on credit to Madam Bella 15 Made full payment to Smart-tech and received a 5% discount. 18 Omega Inc returned defective furniture cost RM7800 18 Received full payment form Ms Ivy through online bank-in 19 Paid RM1500 for advertising expenses 20 Art Co requested a custom made furniture and made full payment through online transfer, RM27,500 23 Owner withdrew cash for personal use, RM800 25 Sold furniture to Zetra Enterprise for RM8630 on cash 27 Received a telephone's bill RM373, to be paid next month 28 Paid employees' monthly salaries amounting RM1500 by cash 30 Received utility bills for the current month and paid by cash, RM2200 31 Withdrew RM1200 cash for personal use