Reference no: EM132622309

Question - Nabeela commenced business on 1 May 2019 with a capital of RM5,000 of which RM1,000 was in cash and RM4,000 in a bank current/cheque account.

Her transactions during May were as follows:

1-May Borrowed RM2,000 from Beecee Bank in the form of cheque

2-May Paid rent of RM750 by cheque

5-May Paid wages of RM120 in cash

8-May Purchased goods for RM1,380 by cheque

10-May Sold goods for RM650 cash

12-May Withdrew cash RM200 for personal use

15-May Bought goods on credit for RM830 from Sarah

18-May Sold goods on credit for RM1,250 to Kamala

20-May Bought shop fittings of RM2,500 from ABC Furniture on credit

23-May Paid water rates of RM325 in cash

25-May Paid electricity bill of RM230 by cheque

27-May Returned goods costing RM310 to Sarah

28-May Kamala returned goods with an invoice value of RM480

29-May Nabeela introduced further capital of a RM3,000 cheque

30-May Bought stationery of RM90 in cash

31-May Paid Sarah RM300 by cheque

31-May Received a cheque for RM500 from Kamala

Required - Prepare the trial balance as at 31 May 2019.