Reference no: EM132752949
Dato Vivida established Cikbi Realty, firm that offers property business and investment consulting services. The accounts executive completed the following transactions during the month of March 2020:
Description
1 March - Dato Vivida transferred cash from a personal bank account to an account to be used for the business, RM30,000
4 - Paid rent on office and equipment for the month, RM3,250.
6 - Purchased furniture on account, RM2,150.
8 - Paid creditor on account, RM875.
14 - Borrowed from ABC Bank, RM 25,000
16 - Earned sales commissions, receiving cash RM14, 440.
20 - Paid automobile expenses for month, RM1,580, and miscellaneous expenses, RM650
24 - Paid office salaries, RM3,000
28 - Withdrew cash for personal use, RM2,500.
REQUIRED:
Problem (A) Prepare the relevant journal entries to record the above transactions. Omit the explanations.
Problem (B) Post all journal entries in (a) to the ledger (balance column ledger accounts are required).
Problem (C) Prepare unadjusted trial balance as at 31 March 2020.
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