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B&H Trading is a business selling souvenirs. The following transactions took place in the month of October 20x9. Data Transactions Oct 1 Oct 3 Oct
B&H Trading is a business selling souvenirs. The following transactions took place in the month of October 20x9. Data Transactions Oct 1 Oct 3 Oct 6 Oct 8 Owner invested cash into the business bank account RM 100,000 Purchased a motor van from Lim Motors costing RM70,000. Deposit of RM 10,000 was paid by cheque and the balance to be paid by installment starting from next month. Received invoices from Amir RM8,000 and Harriz RM3,000 for good purchased Sold goods on credit to Zulaikha RM4,800 and Khaira RM3,600 Issued a debit note for damaged goods returned to RM600 Received a cheque from Pelangi Berhad for investment income of RM15,000 Paid RM1,200 to Tenaga Nasional Berhad for electricity expense Received a cheque for cash sales amounting to RM10,000 The owner withdrew goods worth RM340 for personal use Oct 15 Oct 20 Oct 23 Oct 26 Oct 29 Required: A. Record the above transactions in the relevant ledger accounts. B. Balance off the accounts. C. Prepare a trial balance as at 31 October 20x9
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