Q9. On 1 October 20X9, the owner of the USS Enterprise, Mr Kirk, decided that he will boldly go and keep his records on a double entry system. His assets and liabilities at that date were: RM Fixtures and equipment Stock including weapons Balance at Universe Bank Cash Creditors - Spot - Scott - Choy 375 6 7 8 20,000 15,000 17,500 3,175 200 500 Kirk's transactions during October were as follows: 1 Sold faculty phasers, original cost RM500, to Klingon Corp, for cash RM5,000 2 Bought Photon Torpedoes (weapons), on credit from Central Council RM2,500 3 Sold Stocks to Aardvarks, original cost RM250, on credit, RM1,500 4 Bought Cloaking Device (Fixture and Fittings) from Klingon Corp RM3,500 5 Paid the balance owed to Spock at 1 October less a 5% cash discount Paid Central Council full amount due by cheque Received full amount due from Aardvarks by cheque Paid Klingon Corp by cheque after deducting 20% trade discount 9 Paid, by bankers' order, RM10,000 for repairs to Enterprise following disagreement over amount owing to Klingon Corp and faculty phasers. Required: Open Enterprise's ledger accounts at 1 October, record all transactions for the month, balance the ledger accounts, and prepare a trial balance as at 31 October.

On 1 October 209, the owner of the USS Enterprise, Mr Kirk, decided that he will boldly go and keep his records on a double entry system. His assets and liabilities at that date were: Kirk's transactions during October were as follows: 1 Sold faculty phasers, original cost RM500, to Klingon Corp, for cash RM5,000 2 Bought Photon Torpedoes (weapons), on credit from Central Council RM2,500 3 Sold Stocks to Aardvarks, original cost RM250, on credit, RM1,500 4 Bought Cloaking Device (Fixture and Fittings) from Klingon Corp RM3,500 5 Paid the balance owed to Spock at 1 October less a 5% cash discount 6 Paid Central Council full amount due by cheque 7 Received full amount due from Aardvarks by cheque 8 Paid Klingon Corp by cheque after deducting 20% trade discount 9 Paid, by bankers' order, RM10,000 for repairs to Enterprise following disagreement over amount owing to Klingon Corp and faculty phasers. Required: Open Enterprise's ledger accounts at 1 October, record all transactions for the month, balance the ledger accounts, and prepare a trial balance as at 31 October