Mr. Hon Cloe started his business on 1 January 2019. The following are the business transactions for Mr Hon Cloe

INSTRUCTIONS: TOTAL: (80 MAR Answer ALL questions in the Answer Sheet. (45 Ma Mr Hon Cloe stated his business on I January 2019 The following are the business transactions for Mr. Hon Cloe Enterprise duning January 2019. QUESTION I Jan 1 Stuned the business with RMS.000 cash on hand as bus iness capital 2 Borrowed RM20,000 from Bank ABC and the money deposited into the business bank account on the same day 4 Paid office rent for RM2,500 using online banking 6 Purchased goods worth RM6,600 on credit from Aliah Trading Enterprise 8 Bought office equipment worth RM4,300 on credit from Yang Furniture Sdn I 9 Bought goods worth RM2,400 by cash. 10 Sold goods worth RM 1,700 by cash 11 Sold goods worth RM800 to Jessy on credit. 12 Paid RM500 cash for advertising expense. 13 Return damaged good to Aliah Trading worth RM1,000. 15 Jessy return damaged good worth RMI 50. 16 Sold goods to Kristine for RMI,350 on credit 23 Paid all debt to Aliah Trading Enterprise by online banking 26 The owner withdrew RM2,000 from the business bank account for his perso- use. 27 Paid salanies to workers RMI,200 by online banking. tequired: Prepare journal entries to record the transactions above. Post the joumal entries to ledger accounts and balance off all the accounts. Prepare a trial balance as at 31 January 2019