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Prepare double entries for the following transaction incurred in the business and balance the accounts. Prepare the Trial Balance as at 30 June 2021 2021
Prepare double entries for the following transaction incurred in the business and balance the accounts. Prepare the Trial Balance as at 30 June 2021 2021 Jun 1 Started the business with RM10000 in bank and RM300 cash in hand. 1 Purchased good on credit from: Logan RM400, Ham shah RM1,188, Boon Siong RM1,344. 2 Purchased office equipment for RM240 by cheque. 3 Purchased furniture on credit from Arjun at RM575. 5 Paid Insurance by cash RM88. 6 Purchased vehicle for RM3,200 and paid by cheque. 7 Sold goods for cash RM140. 7 Sold goods on credit to Shukri RM450, Ying RM246, Vikram RM80. 8 Purchased office stationery for RM180 on credit from Said. 9 Paid rental by cash at RM75. 10 Paid utilities using cheque RM250. 11 Returned the goods purchasedto Hamshah valuing RM168. 12 Paid Said RM180 by cheque. 13 Sold goods on credit to Su Yin RM220, Wei Yin RM154, Vijay RM270. 14 Goods returned to us from Shukri at RM40. 15 Paid wages by cheque RM120. 16 Received a loan from Lee RM500 by cheque. 17 Shukri paid the total amount owing to the business by cash RM410 18 Sold the unused office equipment for RM15 cash. 20 Purchased insurance RM80 by cheque. 21 Paid vehicle maintenance RM55 in cash 23 Paid the wages RM120 by cheque. 25 Received cheque from Su Yin RM22 and Wei Kin RM154 26 Furniture was returned to Arjun RM25. 28 Paid Ham shah RM1,188 by cheque 29 Rental paid RM75 in cheque. 30 Owner withdrew cash RM200
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