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QUESTION 1 (25 MARKS) Laila sells variety of bags under the business title Tuah Maju Sdn. Bhd. During month of April, the transactions completed
QUESTION 1 (25 MARKS) Laila sells variety of bags under the business title Tuah Maju Sdn. Bhd. During month of April, the transactions completed the following transactions: Required: April 1 Laila deposited RM78,000 cash in the business as capital 5 Paid monthly rental on photocopy machine, RM780. 9 Paid RM18,000 cash to purchase land for an office site. 10 Purchased supplies on account, RM1,200. 22 Paid RM800 cash on supplies account. 30 Revenues earned during the month included RM5,900 cash and RM4,900 on account. 30 Paid employees' salaries RM2,000 office rent RM1,800 and utilities RM420. (Make a single compound entry). 30 Laila withdrew RM9,000. Using the information from the adjusted trial balance, prepare: a) Journalize each transaction. (Explanations not required) b) Post the transactions to the T-Accounts and balance of the accounts. (8 marks) (CLO2:PLO5:C3) (12 marks) (CLO2:PLO5:C3) c) Prepare the trial balance of Tuah Maju Sdn. Bhd. as at 30 April 2020. (5 marks) (CLO2:PLO5:C3)
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