a) Prepare the ledger accounts and record all the beginning balance in the related accounts.

b) Record all the transactions in the month in the journal

c) Post the journal to the ledger

d) Prepare the trial balance as at 31 July 2018

Specific Objectives of the Assignment: The objective of this assignment is to develop students' ability to have a good understanding in recording business transactions using the double entry system. QUESTION 1 Atlato Supermarket started operation in the month of May 2018. Its ledger accounts as at 30 June are as follows: RM Cash 32,000 Land 84,000 Buildings 36,000 Fittings 32,000 Account payables (creditors) 24,000 Capital 160,000 Given below are the business transactions for the month of July 2018. Jul Transactions 2 Purchased goods from Manja Supplier worth RM 24,000; RM 8,000 is paid by the cash and the balance will be paid on 10 July 3 Purchased goods worth RM 8,000 on credit from Berry Trading 8 Cash sales worth RM 17,000 10 Paid Manja Supplier for the transaction on 2 July, and paid RM 5,200 for the payable accounts as at 30 June 11 Paid advertising expenses amounting to RM 1,600 12 Credit sales to Ramona, RM 15,200 20 Cash purchases worth RM 8,000 31 Paid workers' salaries amounting to RM 7,600 31 Cash sales worth RM 40,000 Besides the existing accounts for 30 June, add the following accounts: Accounts receivable, sales, advertising expenses, purchases and salaries