QUESTION

Vicky, a sole trader selling electrical equipment, started his business on $1$ June $2023.$

DATE TRANSACTIONS

June $1$ He started business on this date with RM$600,000$ in the bank, a shophouse of RM$40,000$ and a delivery van worth RM$25,000.$

$4$ Purchased office furniture by cheque RM$3,000$ from Jati Furniture Bhd$.$

$5$ Received an invoice from Hello Enterprise for RM$10,000$ for the goods he purchased. Issued a cheque for RM$3,000$ to pay part of the invoice.

$7$ Issued invoices to Greengate Trading and Koko Enterprise for goods sold to them worth RM$5,000$ and RM$300$ respectively. Received full payment from Koko Enterprise in cash.

$11$ Rent part of the shophouse to Rico Workshop for RM$600$ cash.

$17$ Issued a debit note to Hello Enterprise for RM$100$ and a credit note to Greengate Trading for RM$250$; both for goods damaged during transportation.

$20$ Issued a cheque for RM$800$ to Simba Printshop for making the shop$$s signboard.

$24$ Issued a business cheque for RM$300$ to Setia Restaurant as payment for dinner there with his family.

$26$ Paid cash RM$300$ for petrol for the van used to deliver business goods

$30$ Paid shop assistant$$s salary of RM$3,000$ through bank transfer.

From the above transactions, you are required to:

a$)$ Show the double entries for above transactions.

b$)$ Record the above transactions in the ledgers $($T$-$Account$)$

c$)$ Prepare the trial balance as at $30$ June $2024$

FORMAT

i$.$ JOURNAL ENTRIES

DATE DETAILS DR$.$

$($RM$)$ CR$.$

$($RM$)$

Jan $3$ Dr$.$ xx

Cr$.$ xx xx

xx

$4$ Dr$.$ xx

Cr$.$ xx xx

xx

ii$.$ LEDGERS $($T$-$ACCOUNT$)$

Name of Account

Date Item Amount

$($RM$)$ Date Item Amount

$($RM$)$

xx xx

iii. TRIAL BALANCE $($TB$)$

VICKY

TRIAL BALANCE AS AT $30$ JUNE $2024$

Name of Account $($from ledgers$)$ Debit $($RM$)$ Credit $($RM$)$

Capital xx

xx

xx

xx

xx

TOTAL XXXX XXXX