Question
Rina runs a small bakery in Bandar Baru Nilai. At the beginning of the year, on 1 January, the ledger of her bakery showed the
Rina runs a small bakery in Bandar Baru Nilai. At the beginning of the year, on 1 January, the ledger of her bakery showed the following account balance: Cash RM5000, Account Receivable RM2300, Inventory RM1400, Account Payable RM850, Capital RM20,000. The following transactions occurred during January 2020: Jan 2 Purchase goods from Choconis worth RM3,000, RM1,000 is paid in cash and the balance will be paid on 15 January. 3 Paid RM850 to the outstanding creditors. 4 Purchased goods worth RM2,000 on credit from Betty Trading. 8 Cash sales of RM7,000 10 Purchase office supplies for RM500. 11 Cash sales of RM3,000 12 Paid advertising expenses of RM400. 15 Paid Choconis the balance due on 2 January purchase. 20 Credit sales to Koperasi Petani, RM5,200. 23 Purchase new mixer for RM3000 cash. 28 Paid shop rent RM2500 and utilities RM300. 31 Paid workers salaries of RM2000 31 Cash sales of RM7,000. a) Record all the transactions in the month, including all the opening balance in the journal. b) Post the journals to the ledgers. c) Prepare the trial balance on 31 January 2020
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