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Miss Princess is a sole trader who does not know how to record transactions. You are required to enter the following transactions in her T-accounts,
Miss Princess is a sole trader who does not know how to record transactions. You are required to enter the following transactions in her T-accounts, balance off the accounts and extract a trial balance as at 31 May 2020. May 1 Commenced business with RM18,000 in the bank. May 2 Bought goods on credit from Ben RM1,455. May 3 Bought goods on credit from Ginny RM472. May 5 Sold goods for cash RM210. May 6 Retured goods to Ben RM82. May 8 Bought goods on credit from Ginny RM370. May 10 Sold goods on credit to Pan RM483. May 12 Sold goods for cash RM305. May 18 Took RM250 of the cash and paid it into the bank. May 21 Bought a printer by cheque RM620. May 22 Sold goods on credit to Hisham RM394. May 23 Pan returned goods worth RM160. May 25 Hisham returned goods RM18. May 28 Returned goods to Ginny RM47 May 29 Paid Ben by cheque RM1373. May 31 Bought machinery on credit from Ahmad RM419
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