prepare ledgers, income statement and balance sheet based on the following transactions.

main business activity: trading furniture

Styles Prepare ledgers, income statement and balance sheet based on the following transactions: Main business activity = trading furniture. 1. Aryan started the business with RM 100,000 in cash being invested into the business. Later, RM 50,000 from cash was transferred into the business' bank account. 2. Purchased 5 sets dining tables valued at RM 2,000 each via cheque. 3. Cash sales amounted to RM 8,500. Customer paid by using cash. 4. Credit purchases amounted to RM 15,000. 5. One of the dining table sets had defect from the factory. Aryan returned it to the manufacture and received cash. 6. Purchased beds valued at RM 6,000 in credit. 7. Aryan gave one of the beds valued at RM 500 to his nephew for free. 8. Credit sales amounted to RM 7,300. 9. One of the trade debtors paid the business RM 900 in cash. 10. Aryan bought a lorry for the business use. The lorry was valued at RM 90,000. He paid half via cheque and the remaining amount will be paid later. 11. Paid supplier RM 10,000 in cash. 12. One customer returned a product valued at RM 5,000 and it was a credit transaction before