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QUESTION 1 TOTAL = 50 MARKS] Below are the transactions for ABM Trading for the month of April 2019. Record the transactions in the appropriate
QUESTION 1 TOTAL = 50 MARKS] Below are the transactions for ABM Trading for the month of April 2019. Record the transactions in the appropriate accounts: April 1 2 3 5 6 7 8 9 10 10 11 12 13 15 18 20 25 28 30 Started a business with RM45,000 cash Put RM3,500 of the cash into the bank account Bought goods by cash for RM250 Bought goods on credit from Wong RM1,000 Sold goods on credit to Simex Bhd RM2,000 Sold goods for cash RM2,250 Return goods to Wong RM65 Paid rent by cheque RM200 Simex Bhd returned goods worth RM85 Bought van on credit from Maju Transport RM10,000 Returned goods to Wong RM70 Paid wages by cash RM250 Received cheque RM3,000 being loan from Kawanku Sold goods on credit to Short RM2,000 Short return goods worth RM125 Received cheque from Simex Bhd after deducting 5% cash discount Send cheque to Wong with full payment. Received cash discount RM35 Deposit RM4,000 cash into the bank The owner took RM50 worth of goods for his own use. REQUIRED 1. Prepare a ledger or T-Account 2. Prepare a trial balance as at 30 April 2020 CS Scanned with CamScanner
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