Question 1 Allen began a business on 2 January 2018 with a capital of RM 10,000 cash and RM 120,000 in his business bank account. His transaction for the month of January 2018 were as follows: January 3 Paid RM 36,700 by cheque for a new car for business use. 3 Paid water & electricity bills RM 580 by cash. 14 Purchased goods from Ahmad RM 11,090. 16 Received cash RM 2,500 for goods sold. 17 Withdrew cash of RM 1,500 for personal use. 21 Sold goods on credit to Lim RM 4,500. 22 Paid Ahmad by cheque RM 10,000. 24 Cash purchases RM 3,450. 28 Cash sales RM 1,980. 31 Paid Ahmad the amount outstanding by cash. Required: Record the above transactions in the appropriate ledger accounts and balance off the accounts and extract a trial balance as at 31 January 2018.