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Answer the Question step by step based on the picture given. thank you QUESTION 1 1. Based on the picture given, you are now required
Answer the Question step by step based on the picture given. thank you
QUESTION 1
1. Based on the picture given, you are now required to open the ledger accounts, and prepare the Trial Balance.
Question 5 Enter the following transactions in the accounts of L Linda: 20X7 July 1 Started in business with RM20,000 in the bank. 2 R Hughes lent us RM5,000 in cash. 4 Bought goods on credit from B Brown RM1,530 and I Jess RM4,162. 5 Sold goods for cash RM1,910. 7 Took RM200 of the cash and paid it into the bank. 10 8 Sold goods on credit to H Rise RM1,374. Sold goods on credit to P Taylor RM341. 13 Bought goods on credit from B Brown RM488. H Rise returned goods to us RM65. 15 15 Sold goods on credit to G Pate RM535 and R Sim RM262. 17 We returned goods to B Brown RM94. 18 Bought van on credit from Aberdeen Cars Bhd RM4,370. 20 Bought office furniture on credit from J Winter Bhd RM1,800. 21 We returned goods to I Jess RM130. 22 Bought goods for cash RM390. 25 Goods sold for cash RM110. 25 Paid money owing to B Brown by cheque RM1,924. 26 Goods returned to us by G Pate RM34. 27 Returned some of office furniture costing RM180 to J Winter Bhd. 28 L Linda put a further RM2,500 into the business in the form of cash. 30 Paid Aberdeen Cars Bhd RM4,370 by cheque. 31 Bought office furniture for cash RM365. Debited Bank Cash Purchases 1530 Purchase 4162 Cash Bank H Rise P Taylor Purchases Sales Returns G Pate R Sim B Brown Van Office Furniture | Jess Purchase Cash B Brown Sales Returns J Winter Bhd Cash Aberdeen Cars Bhd Office Furniture Credited Capital R Hughes B Brown I Jess Sales Cash Sales Sales B Brown H Rise Sales Sales Purchase Return Aberdeen Cars Bhd J Winter Purchase Returns Cash Sales Bank G pate Office Furniture Capital Bank CashStep by Step Solution
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