2016 4 SECTION C: CALCULATION QUESTIONS (75 MARKS) ANSWER ALL QUESTIONS QUESTION 1 (20 MARKS) Admire Apparel Fnterprise (AAE) owned by Puan Nafeesa is in a business selling handbags and muslimah dress through online since year 2012. The business has been performing well since then. Below are some of the transactions extracted from AAE for the month of February 2016: Date Transaction February Purchased 10 units of Coach Handbags at a price of RM 200 per unit from Handbags Super Gred Wholesalers (HSGW) and paid by cash. Retumed 1 unit of the Coach Handbag wrongly send by HSGW. Puan Khadijah, a regular customer of AAE purchased 5 pieces of muslimah dress to her daughter. The price per unit of the dress is RM70. Puan Khadijah paid by cheque RM 350. Paid amount owing to HSGW by cheque. Puan Khadijah returned lack two (2) pieces Muslimah dress due to colour faulty. Purchased a new and branded cupboard for business use amounting RM5,000 by cash Buy stocks of Muslimah dress amounting RM7,000 on credit from Zalinah Boutique Encik Ghazali, a neighbor of Puan Nafeesa purchased a set of Bonia handbags for his wife amounting RM500 on credit. 22 Puan Nafeesa book one (1) Prada Handbag amounted RM600 for her to attend his husband company's diner. Paid utilities bill RM1,000 cash S 8 11 17 19 Required: State the accounts to be debited and the accounts to be credited for the above transactions (10 marks) h Sohara has a shop and sells goods for cash and on credit. She keeps the cash book herself but her accountant writes up her ledger each month. Sohara puts her cash receipts in a till and enters them into her two columns cash book each week. She offers a cash discount of 3% to her debtors for payment within 15 days. She buys inventory in bulk from Apollo for cash and receives trade discount of 5% for orders in excess of RM 1,000. She pays wages each week in cash. On 1 September 2016 Schara's cash book showed cash in hand of RM 700 and cash at bank of RM3,000. Sohara had the following transactions in one week in September 2016 Sept 6 7 8 Cheque received from Ujang for goods sold on 24 Aug Sold goods an credit to Hercules Paid cash to Abdullah for goods purchased Cheque received from Minos for goods sold on 29 June Cash sales for the week Wages paid for the week by cash RM 291 10 1,900 88 1,850 350 9 10 10 Required: Make the necessary entries in Schara's Cash and Bank ledger accounts to record the above trarsactions for the week ended 10 September 2016. You are required to balance off the book on 10 September 2016. (10 marks)