Prepare the trial balance as at February

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Reference no: EM133135894

Question - The following is the information extracted from the accounting book of Juwita Shop as at 31 January 2022.

Particulars

RM

Building A DR

50,000

Motor Vehicles A DR

50,000

Furniture A DR

20,000

Cash A DR

10,000

Bank A DR

90,000

Account receivable - Rahimi A DR

20,000

Account Payable - Li Ann L CR

30,000

 

Date 2022

Particulars

Feb 1

Credit Sale of RM2,000 to Iman

Feb 7

Paid water bill of RM300 by cash

Feb 9

Purchased goods on credit to Mr lim worth RM20,000 trade discount 10%.

Feb 10

Sold used furniture worth RM200 for cash. The sales amount is deposited into bank.

Feb 12

Cash sale of RM8,000

Feb 17

Iman returned goods worth RM200

Feb 19

Sent sale invoice of Rm15,000 to Reza

Feb 22

Returned defective goods worth RM700 to account payable - Li Ann

Feb 25

Rahimi paid half of his debt by cheque

Feb 29

Paid off debts to Li Ann RM15,000, Mr. Lim RM5,000 and employee' salaries of RM2,000 by cheque

Required - You are required to:

1. Record the transaction into journal entry.

2. Post entries to ledgers.

3. Prepare the trial balance as at 28 February 2022.

Reference no: EM133135894

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