Question
The following balances are taken from the accounting book of Vee Gee Trading on 31 December 2022. RM Building A 24,000 Fixture & fitting A
The following balances are taken from the accounting book of Vee Gee Trading on 31 December 2022. RM Building A 24,000 Fixture & fitting A 2,650 Machinery A 11,000 Loan from CIMB L 10,000 Account receivable Cili A -Lemon A 1,330 1,215 Account payable Peas L 1,275 Cash in bank A 12,000 Cash in hand A 1,800 During the month of January 2023, the following transaction took place: Jan 02 Paid Telephone bill by cheque RM300 03 Received rent by cash RM460 05 Cash purchased from Kuchai RM1,000 06 Sold goods to Lemon RM6,600 and Kai Lan RM4,540 on credit 08 Bought motor van from EON Bhd RM23,000 on credit 09 Issue cheque to EON Bhd RM10,000 11 Bought goods on credit from Carrot RM2,360 and Sawi RM3,600 12 Vay Gee, the owner took goods RM860 and RM350 cash for his own used 15 Issued credit note to Kai Lan for goods returned RM540 17 Cili paid cash RM330 22 Return goods to Carrot RM100 24 Paid interest by cheque to CIMB RM90 26 Kai Lan sent cheque to settle his account 29 Sent cheque to carrot and Sawi to settle the amount owing 31 Paid Wages RM400 by cash You are required to prepare: 1. Journal entry for each transaction (10 marks) 2. Ledger account (10 marks) 3. Trial Balance as at 31 January 2020 (10 marks)
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