4. Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole trader: Feb 1 Started business with RM12,000 cash 2 Bought goods on credit from Shahirah RM1,000 3 Paid rent by cash RM200 4 Paid RM11,000 of the business cash into the business bank account 6 Sold goods on credit to Tini RM600 7 Bought stationery by cheque RM50 11 Cash sales RM100 14 Returned goods to Shahirah RM150 15 Sold goods on credit to Tinggasamy RM1,200 18 Goods returned by Tini RM45 23 Paid Shahirah by cheque RM850 25 Cash purchases RM250 27 Received cheque from Tinggasamy RM500 28 Received commission by cash RM100 Required: b. Record the transaction in the appropriate ledger accounts and balance all the account C. Prepare the trial balance as at 28 February 2020

Question
4. Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole
trader:
Feb 1 Started business with RM12,000 cash
2 Bought goods on credit from Shahirah RM1,000
3 Paid rent by cash RM200
4 Paid RM11,000 of the business cash into the business bank account
6 Sold goods on credit to Tini RM600
7 Bought stationery by cheque RM50
11 Cash sales RM100
14 Returned goods to Shahirah RM150
15 Sold goods on credit to Tinggasamy RM1,200
18 Goods returned by Tini RM45
23 Paid Shahirah by cheque RM850
25 Cash purchases RM250
27 Received cheque from Tinggasamy RM500
28 Received commission by cash RM100
Required:
b. Record the transaction in the appropriate ledger accounts and balance all the
account
C. Prepare the trial balance as at 28 February 2020
Expand
Transcribed Image Text

4. Below are the transactions for the month of February 2020 for Mrs Lamuna, a sole trader: Feb 1 Started business with RM12,000 cash 2 Bought goods on credit from Shahirah RM1,000 3 Paid rent by cash RM200 4 Paid RM11,000 of the business cash into the business bank account 6 Sold goods on credit to Tini RM600 7 Bought stationery by cheque RM50 11 Cash sales RM100 14 Returned goods to Shahirah RM150 15 Sold goods on credit to Tinggasamy RM1,200 18 Goods returned by Tini RM45 23 Paid Shahirah by cheque RM850 25 Cash purchases RM250 27 Received cheque from Tinggasamy RM500 28 Received commission by cash RM100 Required: b. Record the transaction in the appropriate ledger accounts and balance all the account C. Prepare the trial balance as at 28 February 2020

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Journal and Ledger Balance

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