Reference no: EM132475298

Transactions for the month of January of a small finishing retailer, RIMBAYU Enterprise are given as the following.

2020 January

1 Initial investment to start the business with RM105,000 cash

2 Put RM90,000 of the cash into a bank account

3 Bought goods for cash RM5,500

4 Bought goods on credit from: Kelly RM800; Smelly RM930; Jelly RM160; Peter RM510

5 Bought stationery on credit from Happy Bhd RM89

6 Sold goods on credit to: ABC RM170; Edwin RM240; Zack RM326; Tank RM204.

8 Rent paid by cheque RM220 10 Bought fixtures & fittings by credit from Wonderful Bhd RM610.

11 Paid salaries in cash RM790.

14 Returned goods to Smelly RM30; Jelly RM42.

15 Bought van by cheque RM6,500.

16 Received loan from Barney by cheque RM2,000.

18 Sales return: ABC RM5; Edwin RM20.

21 Cash sales RM145.

24 Sold goods on credit to Tank RM130, Zack RM410; Blue RM158.

26 Paid the followings by cheque: Smelly RM300; Jelly RM100.

29 Received cheques from Edwin RM300; Zack RM570.

30 Received a further loan from Barney by cash RM500.

30 Received RM158 cash from Blue.

Question (a) Prime Book Entry for the above transactions.

Question (b) Record the transactions in Ledgers and Balance-off the ledgers.

Question (c) Extract a trial balance.