Mr. Johan owned a laundry shop, Dollah Laundry, started business on 1 March 2020. During the first month of the operation, the following events and transactions occurred.

Mar	1	Started business with Cash in Hand RM1,500, Cash at Bank RM14,000, Machinery valued at RM35,000, Office Equipment RM45,000 and Loan from Bank RM50,000.
	5	Purchased stocks worth RM750 on credit from Joe Enterprise.
	6	Cash sales worth RM860 paid directly into bank.
	9	Received cash upon completion of service worth RM1,000 to Restoran Nona.
	11	Issued invoice to Hotel Keris for a service involving 500 sheets of linen materials worth RM12 per piece.
	12	Sent credit note to Hotel Keris for 13 pieces of unclean bedsheets.
	18	Encik Johan took a barrel of detergent worth RM400 for his mother. - Drawings of goods
	21	Took cash totaling RM500 for personal use. - Drawing of cash
	25	Paid phone bill for RM250 by cheque.
	29	Repaid of bank loan RM1,000 by cash.

You are required to open up the necessary Ledger Accounts from the above details and extract a Trial Balance as at 31 March 2020.

Answer rating: 100% (QA)

March 1 Cash Account Debit RM1500 Cash in Hand Bank Account Debit RM14000 Machinery Account Debit RM35000 Office Equipment Account Debit RM45000 Loan from Bank Account Credit RM50000 March 5 Accounts Payable Joe Enterprise Credit RM750 Purchases Account Debit RM750 March 6 Bank Account Debit RM860 Sales Account Credit RM860 March 9 Bank Account Debit RM1000 Accounts Receivable Restoran Nona Credit RM1000 March 11 Accounts Receivable Hotel Keris Debit RM6000 500 sheets RM12 Sales Account Credit RM6000 March 12 Accounts Receivable Hotel Keris Credit RM156 13 sheets RM12 Sales Account Debit RM156 March 18 Drawing of Goods Account Debit RM400 Inventory Account Credit RM400 March 21 Drawing of Cash Account Debit RM500 Cash Account Credit RM500 March 25 Phone Bill Expense Account Debit RM250 Bank Account Credit RM250 March 29 Loan from Bank Account Debit RM1000 Bank Account Credit RM1000 Trial Balance as at 31 March Account Debit RM ... View the full answer