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erm Test 1 - 88FA1113 -2( x + Copy of Keshini Thanabalu BBF, x The Difference between Fumitux |Course Hero //1913g13a5neBVmfrX4zmyluSY9ixPkE51/view WhatsApp Web G Google

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erm Test 1 - 88FA1113 -2( x + Copy of Keshini Thanabalu BBF, x The Difference between Fumitux |Course Hero //1913g13a5neBVmfrX4zmyluSY9ixPkE51/view WhatsApp Web G Google TAR UC - Student I... Classes Management : the. Accounting principl.. Open with Question 3 Pembangunan Co. is a small-time supplier of building materials. During June 2020, the following transactions took place in his business: 5 June 2020 Sold building materials on credit to Mr Jonny, invoice 101 stated as RM2,000. Gross invoice amount: RM2,000 Trade discount 10% 6 June 2020 Sold building materials to Weng Chun for RM300 on credit (invoice 102) Gross invoice amount. RM300 Trade discount 10% 8 June 2020 Purchased goods from Ting Yu for RM3,250 on credit (Invoice 321). 9 June 2020 Purchased further goods from Atomic RM550 on credit (Invoice 232) 10 June 2020 Pembangunan returned damaged goods back to Ting Yu for RM900. (Credit note CN21) 12 June 2020 Issued a credit note for RM660 in respect of goods returned from Mr Jonny for invoice 101. (Credit note CN32) 18 June 2020 Pembangunan pays Atomic RM500 in full settlement of the amount owing in cash; the remainder is to be treated as discount 21 June 2020 Weng Chun pays RM240 by cheque to take advantage of an early settlement discount of RM30. Required: (a) Prepare all necessary books of prime entry (except the Cash Book which has been provided).(5 marks) (b) Prepare the Purchases Ledger and Sales Ledger (No Bal bid) (6 marks) (Calculate Bal cid for items with a remainder) (c) Prepare all necessary accounts in the General Ledger (9 marks) (Calculate Bal eld for items with a remainder) (Total: 20 marks) Page 3 + W acer

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