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Prepare a simple trial balance based on the following transactions: 1. Fahmi commenced a book store with cash being invested into the business amounted to

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Prepare a simple trial balance based on the following transactions: 1. Fahmi commenced a book store with cash being invested into the business amounted to RM 15,000. 2. Purchased book shelves to display the reading materials. Those book shelves were valued at RM 10,000, and it was a credit transaction. 3. Purchased revision books on credit valued at RM 1,500. 4. Cash sales amounted to RM 850. 5. Fahmi took out one set of revision book amounted to RM 100 for his personal use. 6. Credit sales amounted to RM 1,500. 7. Transferred RM 5,000 from business cash account into business' bank account. 8. Purchased magazines valued at RM 200 using cheque. 9. Paid for the revision books bought earlier using cheque amounted to RM 1,000 and received discount of RM 100. 10. Received payments via cheque from trade debtor amounted to RM 1,000. 11. One customer returned his purchase earlier valued at RM 20. It was a credit transaction before

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