A

Below are the transactions for Sun Enterprise for the month of July 2019. Record the transactions in the respective journals and post to the respective ledger accounts and trial balance as of 31^st July 2019.

July 1 Started a business with RM8 500 cash.

3. Put RM6 500 of the cash into bank account.
4. Bought stationery for cash RM550.

6 Purchased motor vehicles on credit from Kahaya Sdn.Bhd RM20 000.

9 Received cheque RM5 000 being loan from Alliaz Sdn. Bhd.

12 Paid wages for cash RM350.

18 Paid rent by cheque RM500.

20 Bought office furniture on credit from Muji Furnitures RM5 000.

24 The owner took RM200 cash for personal use.

30. Paid Muji Furnitures RM 1000RM by cheque for the office furniture bought on 20 July.
31. Paid telephone bills RM150, electricity bills RM100, and sundry expenses RM80, all by cash.

B)

The Following are some transactions of Mars Enterprise for the month of January 2019.

Jan 1: Started business with 5000 Cash.

4: Purchased goods RM4, 500 on credit from LMN Shop.

5: Cash Sales RM1, 900 paid directly into bank account.

8: Paid cash RM3,000 on credit purchase made on 4^th Jan.

10: Paid cash RM200 utilities expense (including electricity, water and telephone).

11: Sold goods for cash RM2, 500.

Required:

Prepare all the respective journal entries and ledger accounts and trial balance as of 31^st January 2019 related for the above transactions.

C)

Omar established Special Craft Trading, a small traditional craft business in year 2019.

The following are her transactions for the first month of operation.

August 1 Deposited RM190,000 in the businesss bank account to commence operations.

2	Bought motor vehicles for RM80,000; paying deposit of RM20,000 (from businesss bank account) with the balance payable in two years with a loan from Standard Chartered.
3	Bought supplies on credit from T Zone Trading, RM5,500.
4	Paid rent for the month, RM 700 by cheque.
6	Cash sales to PR Global, RM1,500.
7	Bought office furniture RM4,000. Paid by cheque.
8	Transfer money from bank account RM20,000 into business cash account.
9	Credit sales to Alpha Sdn. Bhd. RM 980.
11	Sent debit note to T Zone Trading, RM 500.
13	Purchased two computers on account from HB Tech,

RM2,400.

15	Credit sales to MUN, RM1, 020.
17	Received cheque from MUN, RM1, 020.
18	Paid cash RM 5,000 on credit purchase made on 3rd August.
20	Bought goods for cash RM9,000.
	Omar withdrew cash RM1,000 for his personal use.
26	Sold goods for cash RM 850.
29	Paid utilities bills, RM 370 by cash.
	Paid workers salary, RM 3,500 by cheque.

You are required to:

1. Record the above transactions in the respective journal entries. Narrations in the

general journal are also required.

2. Post to the appropriate ledgers. (You are also required to close all the ledger accounts (i.e provide closing balance and opening balance).

D)

1. A three-column cash book is to be written up from the following details and balanced off.

20X9

Jan

1. Balances brought forward: Cash RM2300; Bank RM47560.
2. The following paid their accounts by cheque, in each case deducting 5% cash discounts: R Burton RM1, 400; E Taylor RM2, 200; R Harris RM3, 000.

4 Paid rent by cheque RM1, 200.

6 J Cotton lent us RM1,000 paying by cheque.

8 We paid the following accounts by cheque in each case deducting 2.5% cash discounts: N Bruce RM3, 600; P.Towers RM4, 800; C Rose RM8, 000.

10 Paid motor expenses in cash RM440.

12 H Hankins pays his account of RM770, by cheque RM740, deducting RM30 cash discount.

15 Paid wages in cash RM1, 600.

18 The following paid in their accounts by cheque, in each case deducting 5% cash discount: C Winston RM2, 600; R Wilson & Son RM3, 400; H Winter RM4, 600.

21 Cash withdrawn from the bank RM3500 for business use.

24. Cash drawings RM1, 200.
25. Paid T Brown his account of RM1, 400, by cash RM1, 330 having deducting RM70 cash discount.

29 Purchased furniture paying by cheque RM6, 500.

31 Received commission by cheque RM880.