Note: Need journal entries, ledgers, and trial balance based on the question.

XYZ Sdn Bhd started the business on 1st June 2014 and made the following transactions in June 2014.

You are required to prepare:

(d) journal entries,

(e) ledgers

(f) and trial balance.

2014

1 June XYZ Sdn Bhd started business with cash of RM 4,000.

4 June Purchase tools RM850 on credit from Tukul Hardware.

8 June Sold some used air conditioners for RM 70 on credit to Ah Kun Electric.

15 June Paid the amount owing to Tukul Hardware RM 850 by cash.

28 June Receive the amount due from Ah Kun Electric RM 70 cash.