Record the following transactions into the appropriate accounts in the ledger of Lucky Rent-A-Car Enterprise. Balance off the account and extract a Trial Balance as at 31st July 2014.

2014 July

1 Trader started business with cash at bank RM 100,000 and premises RM 40,000

2 Transferred from bank account to cash account in the office RM 5,000.

8 Bought a second-hand car by cheque. RM 25,000. 10 Paid for repairs with cash RM 120. 12 Cash Sales for two weeks RM 3,700.

16 Purchased a car on credit from Len & Co. RM 25,000.

20 Adam owed RM 3,100 for the car-rent service.

24 Bought a car by cheque. RM 15,000

27 Paid cash for car repairs and maintenance. RM 350.

29 Paid Len & Co. Cheque. RM 25,000.

30 Paid assistant in cash RM 600.

31 Drew out cash for own use. RM 500.