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Zia RaminSdnBhd started a retailing business on 1 January 2020. The following are part of the transactions during the first month of operation. 2020 RM

Zia RaminSdnBhd started a retailing business on 1 January 2020. The following are part of the transactions during the first month of operation.

2020

RM

Jan

1

Started firm with cash

4,000.00

3

Deposited cash into bank account

2,000.00

6

Bought stock on credit from Paul Timothy Resources

560.00

11

Bought office equipment by cheque

1,500.00

13

Returned stock to Paul Timothy Resources

300.00

17

Sold goods on credit to Masturina Enterprise

400.00

22

Purchased office fixtures on credit from Chua Supplies

500.00

28

Masturina Enterprise returned goods

200.00

31

He settled his account with Paul Timothy Resources by sending cheque

260.00

You are required to prepare:

  1. Enter ALL transactions into general journals.

(10 Marks)

  1. Post the item in (a) to the relevant ledger accounts.

(10 Marks)

  1. Prepare trial balance.

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