Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 4 Trial Balance Question 1 Below are the transactions for the month of January 2020 for Cerdik Pandai Enterprise, a sole trader: 1 Started
Chapter 4 Trial Balance Question 1 Below are the transactions for the month of January 2020 for Cerdik Pandai Enterprise, a sole trader: 1 Started business with cash RM30,000 2 Bought goods on credit from Alibaba Enterprise RM2,000 3 Paid office rent by cash RM800 4 Paid RM20,000 of business cash into business bank account 5 Sold goods on credit to Hang Lekir Sdn Bhd worth RM3,300 7 Bought stationery and paid by cheque amounted to RM280 11 Cash sales RM2,600 to Hang Kasturi & Co 12 Returned goods to Alibaba Enterprise for RM420 13 Sold goods on credit to Kasawari Sdn Bhd worth RM5,100 14 Goods returned by Kasawari Sdn Bhd RM340 15 Paid Alibaba Enterprise by cheque RM1,200 16 Cash purchases of RM550 from Adoyai Comel 17 Received cheque from Hang Lekir Sdn Bhd RM500 18 Received commission by cash RM850 Required: a) Record the above transactions in the relevant accounts b) Prepare a Trial Balance for Cerdik Pandai Enterprise as at 31 January 2020
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started