Question
Transactions extracted from Marsya Enterprises, a company that sells bikes for the month of May 2018 are shown as follows: 2018 May 7 Started a
Transactions extracted from Marsya Enterprises, a company that sells bikes for the month of May 2018 are shown as follows:
2018 May 7 Started a business with RM1, 500 cash in hand and RM10, 000 cash at bank. Bought bicycles on credit from Vivie Motor RM8, 500, less 5% trade discount. May 8 A bicycle was sold on credit to Lily Trading RM500. 10 Bought bicycles tyres by cash from Shasha Bhd RM1, 200. May 14 Paid workers salaries by cash RM1, 400 May16 Received invoice of RM2500 from Tatia Constructions due to maintainance of shop buildings. May17 Bought component parts of bicycle by cash RM2, 550. May19 Sold a few bicycles by cash RM7, 500. May 22 Sold bicycles on credit to Bravo Vehicle RM5, 500 May 25 The owner gave a bicycle of RM350 to his son as a birthday gift. May 27 Paid Vivie Motor RM3, 500 by cash.
You are required to post the above entries into relevant ledgers and prepare trial balance for Marsya Enterprise as at 31 May 2018.
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