DPA$10013/$PRACTICAL EXERCISE$/$SESII $2023/2024$

INSTRUCTION:

Answer ALL questions.

QUESTION $1$

Following balances appeared in the books of Rachel on January $1,2023$ :

Assets : Cash in hand RM $30,000,$ Stock RM $36,000,$ Lina Chan RM $7,600,$ Malik Kamal RM $16,200,$ Furniture RM $8,000.$

Liabilities: Ghani RM $6,000,$ Vincent RM $8,000.$

Following transactions took place during January $2023$ :$-$

$\backslash$table$[[2023,],[$January $2,$Purchased Typewriter for RM $7,500.],[4,$Sold goods for Cash of the list price of RM $25,000$ at $20\%$ trade discount and $5\%$ Cash$],[$discount$.,],[6,$Sold goods to Ghan Singh for RM $10,000.],[8,$Ghan Singh returned goods for RM $1,500.],[12,$Purchased goods from Arif RM $12,000$; and from Vivi RM $15,000.],[13,$Settled Arifs account in full after deducting $5\%$ for cash discount.$],[14,$Paid cash to Ghani in full settlement of his account.$],[16,$Received RM $7,500$ from Lina Chan in full settlement of his account.$],[17,$Purchased a Scooter for office use RM $18,000.],[20,$Sold goods for cash RM $20,000.],[22,$Received from Ghan Singh RM $4,850$ and discount allowed RM $150.],[27,$Paid for Wages RM $7,000$ and Salaries RM $3,000.],[28,$Withdrew goods for RM $2,000$ and Cash RM $1,500$ for private use.$],[29,$Paid for Life Insurance Premium of the proprietor RM $1,600.]]$

From the transactions above, prepare:

$($a$)$ General Journal

$[20$ Marks$]$

$($b$)$ Ledger Accounts

$[20$ Marks$]$

$($c$)$ Trial Balance as at $31$ January $2023$ after balancing off the ledger accounts.

$[10$ Marks$]$