Enter the following transactions in the appropriate journal. 

Required: You are required to prepare the ledger for the following transactions.

June 1 Credit purchase from Halim with a retail price of RM3,800.

June 3 Made credit sales to Erma RM550, Pama Shop RM2,460.

June 5 Credit purchase from Murni RM200; Che Mah RM180.

June 8 Credit sales to Faridah Sdn Bhd RM4,000 and allowed them a 20% discount on the amount.

June 11 Return to Halim damaged goods of RM80.

June 12 Erma returned RM50 worth of goods due to improper labelling.

June 20 Return outwards to: Murni RM40; Che Mah RM30.

Question 2

Brahim Enterprise commenced business in January 2020. The following transactions took place in January: Required: You are required to prepare the ledger for the following transactions.

Date Transactions

1. Started business with RM30,000 cash.

1. Purchased goods with cheque RM10,000.

5 Sold RM5,000 worth of goods on credit to Rania Trading

8 A check for RM4,900 was received from Rania Trading as full payment for goods bought

on 5^th January 2020.

12 Paid cheques for RM1,500 for advertising in a local magazine.

14 Sold goods on credit to Daud worth RM13,000.

15 Cash drawings by the owner amounted to RM600.

18 Daud returned goods worth RM400.

20 Purchased goods on credit from Umar Enterprise worth RM6,000.

22 Returned RM500 worth of goods to Umar Enterprise.

25 Full settlements to Umar Enterprise by cheque.

Exercise Ledger

Question 1

Mr. Thomas commenced business on 1 March 2019. During the first month of the operation, the following events and transactions occurred.

March	1	Started business with cash in hand RM80,000.
	5	Purchased goods RM9,000 on credit from Mery Enterprise.
	6	Cash sales worth RM1,000 are paid directly into the bank.
	9	Cash sales are worth RM2,000.
	11	Sales on credit to Kamal Sdn Bhd are worth RM8,000.
	12	Kamal Sdn Bhd returns goods to business worth RM200.
	18	Sales on credit to Melati Sdn Bhd are worth RM5,000.
	21	Melati Sdn Bhd returns goods to the business worth RM500.
	25	Paid utility bill for RM300 by cheque.
	29	Paid loan RM10,000 by cheque.

Required:

You are required to prepare the ledger for the following transactions.