Question: QUESTION 2 (10 MARKS: 18 MINUTES) Below are transactions completed by Bijan Sdn Bhd in August 2019. Bijan Sdn Bhd uses the perpetual inventory system.

QUESTION 2 (10 MARKS: 18 MINUTES) Below are transactions completed by

QUESTION 2 (10 MARKS: 18 MINUTES) Below are transactions completed by Bijan Sdn Bhd in August 2019. Bijan Sdn Bhd uses the perpetual inventory system. Aug 3 Purchased RM24.500 of merchandise on account, FOB shipping point, terms 2/10, 1/30. Paid transportation cost of RM475 on the August 3 purchase 7 Retumed RM4,000 of the merchandise purchased on August 3. 11 Sold merchandise on account, RM12,700, FOB destination, 2/15, 1/30. The cost of merchandise sold was RM7,600 12 Paid transportation cost of RM300 for the merchandise sold on August 11. 13 Paid for the purchase of August 3. 26 Received payment on account for the sale of August 11. REQUIRED: Journalise the entries to record the transactions of Bijian Sdn Bhd

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