Mr. Lee has started a tyre-trading business, which is a sole distributor of TOKYO TYRES Malaysia, in Sri Petaling on 1 December 2020. At the end of first month operation, the following transactions were extracted from the book on 31 December 2020:

2020

Dec 1 Mr. Lee invested RM200,000 in the companys bank account as well

as a car worth RM50,000 to start the business.

2 Took RM6,000 out of the bank and put it into the cash till.

4 Bought office fittings RM7,000 on credit from T-Two Stationery.

9 Bought tyres worth RM65,000 from supplier by cheque.

11 Bought stationery RM3,600 through bank transfer.

15 Paid RM8,000 by using companys debit card for the tuition fees of

owners son.

17 Purchased tyres from Company TJW for RM 20,000 on credit.

21 Sold goods 130 tyres (RM140 for each tyre) on credit to Tan Motor and 25 tyres (RM170 for each tyre) on credit to Cahaya Car respectively.

22 Paid delivery charges RM900 with personal debit card to JAT Express for the transaction occurred on December 9.

26 Received goods 5 tyres returned by Cahaya Car.

27 Received full amount due from Cahaya Car by cheque.

27 Paid Company JTW RM 19,750 for full settlement.

28 Due to some delay in preparing the agreement documents, rent of RM1,000 has not been paid yet.

You are required to record the above transactions for the month of December of Mr.Lees tyre shop, balance off all the accounts, and then extract a trial balance as at 31 December