Exercises ledger

Question $1$

Record the following transactions in the General Journals, post the transactions in the appropriate ledger accounts, balance off the accounts, and prepare a trial balance as at $31$ January $2020.$

Jan $1$ Started business with RM$10,000$ cash.

$5$ Purchased goods worth RM$1,000$ by cash.

$10$ Sold goods worth RM$5,000$ on credit.

$15$ Bought office equipment worth RM$1,200$ by cash.

$20$ Received cheque for RM$5,000$ from debtor $/$ RECEIVABLE

$25$ Cash sales of RM$500.$

$31$ Paid utility expenses amounting to RM$400$ in cash.

You are required to:

a$)$ Record the transactions in the ledger.

b$)$ Prepare Trial Balance as at $31$ January $2020.$