Reference no: EM132562867

Question - Below are the transactions for Ali Baba Bujang Lapok Ptd.

2014

May 1 Started in business with RM 10,000 in the bank

May 2 Purchased goods RM 290 on credit from Dato' James

May 3 Bought fixtures and fittings RM 1,150 paying by cheque

May 5 Sold goods for cash RM 140

May 6 Bought goods on credit RM 325 from Martin

May 10 Paid rent by cash RM 200

May 12 Bought stationery RM 45, paying in cash

May 18 Goods returned to Dato' James RM 41

May 21 Received rent of RM 25 by cheque for sublet of corner space

May 23 Sold goods on credit to Cross for RM 845

May 24 Bought a van paying by cheque RM 4,100

May 30 Paid the month's wages by cash RM 360

May 31 The owner took cash for his own personal use RM 80

Required -

a) Prepare the ledger accounts and record all the beginning balance in the related accounts.

b) Record all the transactions in the month in the journal.

c) Post the journal to the ledgers.

d) Prepare the trial balance as at May 2014.