4. The following are the transactions of Axis Trading in May:

May

1

Start a business with Cash in hand RM800 and Cash at bank RM1,000

2

Purchased goods by cheque RM400

2

Paid rates to Dewan Bandaraya Kuala Lumpur by cheque RM40

4

Bought goods on credit from Zen & Co RM200

8

Sold goods to Todds on credit RM300

9

Cash sales RM80

10

Paid transport by cash RM12

13

Credit sales to Todds RM300

14

Paid for stationery in cash RM16

15

Introduced further capital RM1,000 by cheque

16

Todds paid for the amount owing by cheque, less 5% discount (calculate the amount)

20

Withdrew cash for own use RM120

24

Purchased goods with office cash RM28

25

Paid Zen & Co a cheque in full settlement of the amount owing, less 5% discount (calculate the amount)

26

Sold goods on credit to Tali RM450

28

Paid transport by cash RM10

30

Transferred cash from office to bank RM400

30

Credit purchase from Zen & Co RM300

31

Refund cash to Todds for returning empty containers for recycling RM5

31

Bought office furniture, paid by cheque RM200

31

Paid Samuel a cheque in settlement of outstanding invoice of RM700 and deducting RM35 cash discount

31

Receive a cheque from Kenneth RM475 after deducting RM25 cash discount

Required:

(a) Enter the above transactions in a three-column Cash Book and close the Cash Book at the end of May (ignore those transactions that do not involve the Cash Book).

(b) Post those items involving the Cash Book to the appropriate ledgers .