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Revision for Midterm Sem 1 2018. Question 1 MEME Enterprise is specialized in selling mini hand craft gifts. Following are the transaction for the month

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Revision for Midterm Sem 1 2018. Question 1 MEME Enterprise is specialized in selling mini hand craft gifts. Following are the transaction for the month of Jan 2017: Jan 1 Started business with cash at bank of RM 60,000. 2 Purchased furniture and fixtures for RM35,000 on credit from Bebo Furniture 3 Purchased goods on credit for RM 4,000 from Mamu. 5 Purchased 3 computers on credit for RM3,000 each from Hop Enterprise. 7 Sold 300 mini birthday card to Didi worth RM60 each and received cheque 9 Sold 60 mini photo frames to Bella on credit worth RM160 each. 12 Received loan worth RM20,000 from IBI Bank and it was banked in. 15 Sold 2 bulk of mini diamond stone box worth RM1,500 and received cheque 19 Returned 2 computer to Hop Enterprise due to some hardware part damaged. 21 Sold 350 mini candle stand to Mun Mun on credit worth RM30 each 23 Returned 25 mini phot frames by Bella due to damage mirror. 25 Received cheque from Bella for the settlement and she allowed to get 3% discount. 26 Paid shop rental worth RM3,000 by cheque. 28 The MEME Enterprise owner withdrew RM2,000 for personal use. 30 Paid Bebo Furniture the amount due and received 6% discount You are required to record the transaction above in the T - accounts and prepare an unadjusted trial balance of MEME Enterprise at Jan 31, 2017

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