Q1) Record and close the above transactions in appropriate ledger account for the period ended 31 Dec 2019. Q2) Trial balance as at 31 December 2019.

Question 1 UR Trading has started a new business selling T-Shirts. The following transactions took place during the month of December 2019 No Date Transaction RM 1 3 Dec Invested cash in business 50,000 5 Dec Purchase raw material on credit term from Kapas Sdn Bhd (5%% discount if paid full within 30 days) 10,000 7 Dec Purchase raw material on credit term from Baldy Trading (5% discount if paid full within 30 days] 20,000 9 Dec Cash sales to En. Abu 10,000 11 Dec Credit sales to En Wong (2% discount if paid full within 30 days)_25,000 13 Dec En Wong returned defective goods 5,000 15 Dec Returned defective material to Baldy Trading 2,000 H 17 Dec Purchase furniture on cash 5,000 19 Dec Payment to Baldu Trading 17,000 10 21 Dec Payment from En Wong 19,600 11 23 Dec Loan received from bank 50,000 12 25 Dec Payment to Kapas Sdo Bhd 9,500 13 27 Dec Sundry Expenses 10,000