QUESTION 1 (TRIAL BALANCE)

Rizuans business position at 1 July was as follows:

	RM
Inventory	5,000
Equipment	3,700
ABC Sdn Bhd (Creditor)	500
Mascom Sdn Bhd (Debtor)	300
Bank balance	1,200

During July, he:

	RM
Sold goods for cash paid to bank	3,200
Sold goods to Citra Sdn Bhd	600
Bought goods from ABC Sdn Bhd	3,900
Paid Citra Sdn Bhd by cheque	3,000
Paid general expenses by cheque	500
Mascom Sdn Bhd paid by cheque	300

Inventory at 31 July was RM6,200.

Required:

1. Record all transactions (T- account) including capital as at 31 July.
2. Prepare a trial balance.