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The following balances are taken from the accounting book of Vee Gee Trading on 31 December 2019. The following balances are taken from the accounting
The following balances are taken from the accounting book of Vee Gee Trading on 31 December 2019.
The following balances are taken from the accounting book of Vee Gee Trading on 31 December 2019. Building Fixture & fitting Machinery Loan from CIMB Account receivable - Cili -Lemon Account payable - Peas Cash in bank Cash in hand RM 24,000 2,650 11,000 10,000 1,330 1,215 1,275 12,000 1,800 During the month of January 2020, the following transaction took place: Jan 02 03 05 06 08 09 11 12 15 Paid Telephone bill by cheque RM300 Received rent by cash RM460 Cash purchased from Kuchai RM1,000 Sold goods to Lemon RM6,600 and Kai Lan RM4,540 on credit Bought motor van from EON Bhd RM23,000 on credit Issue cheque to EON Bhd RM10,000 Bought goods on credit from Carrot RM2,360 and Sawi RM3,600 Vay Gee, the owner took goods RM860 and RM350 cash for his own used Issued credit note to Kai Lan for goods returned RM540 Cili paid cash RM330 Return goods to Carrot RM100 Paid interest by cheque to CIMB RM90 Kai Lan sent cheque to settle his account Sent cheque to carrot and Sawi to settle the amount owing Paid Wages RM400 by cash 17 22 24 26 29 31 You are required to record all the above transaction in double entry, ledger and trial balance
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