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Hi I don't know how to do this tutorial question.So please help me to do.Do complete with explanation.Make a clear answer. Required: a) Prepare the

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Hi I don't know how to do this tutorial question.So please help me to do.Do complete with explanation.Make a clear answer.

Required:

a) Prepare the ledger accounts and record all the beginning balance in the related accounts.

b) Record all the transactions in the month in the journal

c) Post the journal to the ledgers

d) Prepare the trial balance as at may 2014

image text in transcribed
EXERCISE Below are the transactions for Ali Baba Bujang Lapok Ptd. 2014 May 1 Started in business with RM 10,000 in the bank May 2 Purchased goods RM 290 on credit from Dato' James May 3 Bought fixtures and fittings RM 1,150 paying by cheque May 5 Sold goods for cash RM 140 May 6 Bought goods on credit RM 325 from Martin May 10 Paid rent by cash RM 200 May 12 Bought stationery RM 45, paying in cash May 18 Goods returned to Dato' James RM 41 May 21 Received rent of RM 25 by cheque for sublet of corner space May 23 Sold goods on credit to Cross for RM 845 May 24 Bought a van paying by cheque RM 4,100 May 30 Paid the month's wages by cash RM 360 May 31 The owner took cash for his own personal use RM 80

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