Minho has the following assets and liabilities at 31 December 2018:

Asset :

motor vehicle- 49300

office equipment - 24000

debtors

Office equipment 24,000

Debtors:

Ali - 3400

Jerry- 4400

Rosinah - 6700

Cash in hand - 1300

cash at bank- 10000

Liabilities :

Creditors Ho - 7400

Creditors Olivia - 5600

During the month of January 2019, the following transactions occurred:

Date January 2019

2 Ali settled his account by cheque

2 Sold goods on credit to Jerry RM5,000.

3 Olivia supplied goods on credit RM9,700.

5 Borrowed RM20,000 from Excel Bank Bhd. to provide fund for expending its operations. The amount was banked in on the same day.

8 Cash sales RM2,400.

12 Purchased additional office equipment by cheque from Jaya Sdn. Bhd. RM6,000.

13 Sold goods on credit to Rosinah RM2,800.

14 Purchased goods by cash from Tai Tong Trading RM1,000.

19 Minho used his personal cash RM4,000 to purchase a new filing cabinet for the business.

23 Paid RM5,000 to Ho by cheque.

26 Paid by cheque:

Wages RM550

Office expenses RM370

27 Paid postage by cash RM100.

29 Withdrew cash for personal use RM200.

You are required to:

a. Record the above transactions in the general journal.

b. Post the journal entries to the relevant accounts in the general ledger and balance of

all the accounts.

c. Extract a trial balance as at 31 January 2019.