Restu Enterprise started a business on 1 August 2006 with the following assets and liabilities RM Assets Premises 145,000 Motor vehicles 30,000 Furniture 6,000 Debtors: Lin 1,700 Harun 800 Cash 14.750 Bank 14,500 Stock 1,650 Liabilities Creditor: Rahim 2,600 Loan from Affin Bank 10,000 During the month of August, the daily business transactions were as follows: Aug 3 5 6 8 10 12 16 18 20 25 Bought goods on credit from Osman worth RM3.500 and from Ayu worth RM1,200. Both transactions received a trade discount of 5% Paid wages by cash RM750 Paid rent by cheque amounting to RM 2.700 and telephone bil RM89 by cash Sold goods on credit to: Chow RM4600 Bedi RM2.900 Bought office equipment RM6.900 on credit from Alias Enterprise Sold goods by cash to Zamri RM2.700 Deposit cash into bank RM1,900 Owner took out cash RM500 for his own use Bought furniture on credit from Chong Brothers worth RM22.000 Pald Rahim the amount due by cheque after receiving a cash discount of 10% Returned goods RM180 to Osman and RM 110 to Ayu. Badi returned some damaged goods worth RM420 to the business Received cheque in settlement of amount due from Lin and Bed after allowing a discount of 5% Received rent by cash RM1,900. Settled amount due by cash to Osman and Ayu after receiving a cash discount of 7% 27 28 30 31 31 Required: a) b) Record the above transactions in the ledger accounts Prepare the Trial Balance as at 31 August 2006