Reference no: EM132582140

On 1 April 2020, Adam Syaqif began a new business called Cepat Cetak Sdn. Bhd, which provides typing and printing services. The following is a list of transactions incurred by the business during the month of April 2020:

i) Adam Syaqif contributed RM200,000 cash into the business.

ii) Purchased a land and a small building for RM450,000. He paid RM165,000 cash and signed a note payable for the balance. The land was considered to be worth RM240,000 and the building to be RM210,000.

iii) Purchased office equipment for RM30,000 from Amazing Interiors Sdn. Bhd. He paid RM17,000 cash and agreed to pay the balance within 60 days.

iv) Purchased a motorcycle on credit for RM3,400 to be used for making deliveries to customers. He agreed to make payment to Motorex Sdn. Bhd. within 10 days.

v) Paid in full the account payable to Motorex Sdn. Bhd.

vi) Borrowed RM30,000 from Bank Kaya and signed a note payable due in six months' time.

Based on the above information:

Question a) Prepare the journal entries for all the above transactions.

Question b) Post all the relevant accounts to ledgers.

Question c) Prepare a trial balance as at 30 April 2020.