Question
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:
- Enter ALL transactions into general journals.
(10 Marks)
- Post the item in (a) to the relevant ledger accounts.
(10 Marks)
- Prepare trial balance.
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