QUESTION 2 Mr. Raihan started a business, Raihan Lighting House, on 1 July 2019. During that month, he carried out the following transactions: July 1 Paid RM50,000 into the business bank account, of which one-fifth was from personal savings and the balance was a loan from the bank at 12% per annum interest. 2 Rented a shop for a monthly rent of RM3,000, which was paid by cheque. 3 Bought fixtures and fittings for RM8,000 and paid from the business bank account 4 Bought from Farhan Sdn Bhd on credit: 1,000 units of table lamps at a price of RM60 per unit. 500 units of ceiling lights at a price of RM30 per unit. Note: Raihan used periodic inventory system Sold 100 units of table lamps at RM100 each to Irfan. Received a cheque and deposited to business bank account. 11 13 Paid general expenses RM700 by cheque. 20 Sold to Brian on credit: 200 units of table lamps at a price of RM100 per unit. 100 units of ceiling lights at a price of RM60 per unit. Paid the following expenses from the business bank account: Wages RM2,000 Telephone RM300 31 (a) Record the above transactions in the general journal, Journal Am. (11 marks) (b) Post the journal entries to the relevant accounts in the general ledger (T-account format). balance and close all the accounts including balance b/d as at 1/8/2019.46 marks) (c) Prepare a trial balance as at 31 July 2019. (8 marks)