Prepare the trial balance as at february

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Reference no: EM133153369

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

Particulars RM

Building 50,000

Motor Vehicles 50,000

Furniture 20,000

Cash 10,000

Bank 90,000

Account receivable - Rahimi 20,000

Account Payable - Li Ann 30,000

Date Particulars

2022

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: EM133153369

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