Prepare the trial balance and balance sheet for 31 January 2021 The following are transactions obtained from
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Prepare the trial balance and balance sheet for 31 January 2021
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The following are transactions obtained from Company A accounting records. Jan 2021 1 1 2 3 4 5 6 8 10 10 10 11 12 13 14 15 19 Transactions Start a business by bringing in the following assets as capital: Cash in hand Cash in the bank. Vehicle Loan from the Bank has been approved amounting to RM50,000 with an interest rate of 4% per annum for 5 years has been credited into the bank account. Purchased furniture from Ellen's Furniture Store with 2,800 credit Purchase of merchandise in cash Sales in Cash Purchase merchandise on credit from Champion Supplier Collection of merchandise for family use Return of damaged goods to the Champion Supplier Sales on credit to Lia Shop Pay the Champion Supplier with a check Discounts received from Champion Suppliers. Lia Shop returned the wrong brand of goods Paying for promotional materials with a check Receive cash from Lia Shop Sales in cash Purchase of merchandise on credit from Maiden Sdn Bhd Paying the cost of repairing the vehicle in cash RM 5'000 25'000 18'000 50'000 2800 1200 850 6300 500 150 2600 5900 250 210 800 950 1700 6700 320 The following are transactions obtained from Company A accounting records. Jan 2021 1 1 2 3 4 5 6 8 10 10 10 11 12 13 14 15 19 Transactions Start a business by bringing in the following assets as capital: Cash in hand Cash in the bank. Vehicle Loan from the Bank has been approved amounting to RM50,000 with an interest rate of 4% per annum for 5 years has been credited into the bank account. Purchased furniture from Ellen's Furniture Store with 2,800 credit Purchase of merchandise in cash Sales in Cash Purchase merchandise on credit from Champion Supplier Collection of merchandise for family use Return of damaged goods to the Champion Supplier Sales on credit to Lia Shop Pay the Champion Supplier with a check Discounts received from Champion Suppliers. Lia Shop returned the wrong brand of goods Paying for promotional materials with a check Receive cash from Lia Shop Sales in cash Purchase of merchandise on credit from Maiden Sdn Bhd Paying the cost of repairing the vehicle in cash RM 5'000 25'000 18'000 50'000 2800 1200 850 6300 500 150 2600 5900 250 210 800 950 1700 6700 320
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