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EXERCISE_Ledger_18Apr21_ASYN EXERCISE 3-13 Ran is an accounting student. Her uncle has just opened a textile outlet- Rainbow Textile Venture. On 1 March 2017, her
EXERCISE_Ledger_18Apr21_ASYN EXERCISE 3-13 Ran is an accounting student. Her uncle has just opened a textile outlet- Rainbow Textile Venture. On 1 March 2017, her uncle requested Ran to help him on the company account matter. This is the transaction on the month of March. 2017 1 March Brought in RM 55,000 cash into the business for starting the business 2 March Brought in furniture worth RM 2,500 for setting up his new office. 5 March 7 March 10 March Received RM 10,000 loan from SME bank and it was wired directly into the company bank account Buy RM 8,000 of various type of textile by cash Samir received an invoiced from Jaya Textile Sdn Bhd worth of RM 3,000 of textile 15 March Cash sales worth RM 1,000. 19 March Bought Van cost RM 46,000.00 from Z Carz Enterprise. Pay 10% upfront by cash and balance as credit. 20 March Ali bought goods worth RM 2,500 by credit. 21 March Return goods bought from Jaya textile Sdn Bhd worth RM 500 25 March Ali returns goods worth RM 150 You are required to prepare all the ledgers and post it to trial balance.
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