SECTION A Che Nah Enterprise is a supplier of shawls in Sungai Petani. 1. Below are the account balances as at June 30, 2020. Cash Inventory Note receivable Accounts receivable Equipment Bank overdraft Accounts payable Capital RM 1,500 4,100 3,000 59,100 15,500 16,900 47,600 18,700 2. Balances in the subsidiary ledgers are as follows: RM Accounts receivable : Charm Berhad Ciku Trading 27,800 31,300 Accounts payable : Ceri Enterprise Charlie Shop 21,100 26,500 3. The following transactions occurred in the month of July 2020 : July 1 Purchased goods on credit RM58,900 from Casey Limited with credit term 3/10, n/30. 3. The following transactions occurred in the month of July 2020: July 1 Purchased goods on credit RM58,900 from Casey Limited with credit term 3/10, n/30. 2 Charm Berhad and Ciku Trading settled their debts in full by cheques, with no discounts allowed. 3 Received commission RM1,980 in cheque from Cebu Trading for selling its product. 4 Made payment by cheques to Ceri Enterprise (cheque number 171071) and Charlie Shop (cheque number 171072) to settle all due debts. No discounts were received. 5 Withdrew goods RM800 for personal use. 6 Che Nah made additional cash capital RM4,000 into the business. 7 Received a credit memo RM5,200 from Casey Limited for goods returned. 8 Sold goods on credit RM68,500 to Chacha Trading, RM49,400 to Charm Berhad and RM30,800 to Cyder Shop, all with credit term 2/10, n/30. 9 Paid transport expense of RM1,700 by cheque related to goods sold on July gth. Cheque number 171073. 10 Settled one third (14) of debts to Casey Limited by cheque. Cheque number 171074. 11 Purchased goods RM3,900 by cheque from Cumi Enterprise. Cheque number 171075. 12 Purchased goods on credit RM27,100 from Cathy Supplier with credit term 2/10, n/30. 13 Sent a credit note of RM2,800 to Chacha Trading for goods returned. 14 Che Nah withdrew cash RM1.600 for personal use. 14 Che Nah withdrew cash RM1,600 for personal use. 15 Paid maintenance expense of RM1,800 by cheque. Cheque number 171076. 16 Sold goods on credit RM51,300 to Cola Club and RM47,900 to Ciku Trading, both with credit term 2/15, n/30. 17 Paid transport expense of RM1,350 by cheque related to goods sold on July 16th. Cheque number 171077. 17 Received payment from Chacha Trading by cheque in settling half (1/2) of its debts. 18 Sent a credit note of RM3,100 to Ciku Trading for goods returned. 19 Settled debts to Cathy Supplier in full by cheque. Cheque number 171078. Obtained a bank loan of RM10,000 to finance the operation of the business. 20 21 Purchased an equipment on credit RM13,000 from Cermai Hardware. 21 Purchased goods on credit RM31,700 from Ceri Enterprise with credit term 2/10, n/30. 22 Sold goods RM2,300 in cash to Capal Company. 22 Received full settlement from Cyder Shop by cheque. 23 Sent a credit note of RM4,100 to Cola Club for goods returned. 23 Sold goods on credit RM29,200 to Charm Berhad with credit term 3/10, n/30. 24 Purchased goods on credit RM49,600 from Corey Trading and RM22,500 from Charlie Shop, both with credit term 3/10, n/30. 25 Received half (1/2) settlement from Cola Club by cheque. 25 Received half (1/2) settlement from Cola Club by cheque. 26 Sold goods RM1,950 in cash to Champ Berhad. 27 Received a credit memo RM2,200 from Charlie Shop for goods returned. 28 Purchased goods on credit RM16,300 from Ceri Enterprise with credit term 2/15, n/30. 29 Paid salaries of RM6,000 by cheque. Cheque number 171079. 30 Made a payment by cheque to Corey Trading to settle a quarter (VA) of total debts. Cheque number 171080. 31 Paid rent RM1,900 in cash. Page Break Required: 1. Record the transactions above into the Sales Journal, Purchases Journal, Cash Receipts Journal, Cash Payments Journal and General Journal. 2. Post the journal entries into the General Ledger, Accounts Receivable Subsidiary Ledger and Account Payable Subsidiary Ledger. 3. Reconcile the balances in the control accounts with the balances in the respective subsidiary ledgers. 4. Prepare the Trial Balance as at July 31, 2020