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QUESTION 1 [30 MARKS] Ahmad starts his business on 1 July. He plans to buy plain clothes, print them with his own designs and sell them to small retailers. The following transactions take place in his first month of trading: July Transactions 1 Opens a business bank account with RM3,500 of his own money. 4 Pays for online advertising, RM200 using debit card. 6 Borrows RM2,000 from MARA, repayable in four years' time. 8 Buys screen printing machine (which he will use to produce the finished clothes) paying by cheque RM2,500. 9 Sells some printed T-shirts; customer pays by cheque RM450. 12 Buys plain clothes for RM200, paying by cheque. 13 Buys more plain T-shirts on time from Aspabella Bhd, RM700. 14 Ahmad takes RM110 from the business bank account for his own personal use. 16 Purchased laptop RM1,400 from IT Bhd using credit term. 18 Sells some printed T-shirts to Farid on time, RM550. 20 Pay electricity charges for June, RM145 direct debit 21 Farid returns unsatisfactory T-shirts amounting RM60. 23 Pay RM300 cheque to Aspabella Bhd on account. 25 Receives a payment from Farid of the remaining balance sales on 18 July. 26 Pay salary to Ali RM600 using auto debit method. Required: a) Show the ledger entry and balance of all the accounts. [24 marks] b) Prepare a trial balance at 31 July 2021. [6 marks]