Question: Thats all the requirement given. PLEASE ANSWER THIS QUESTION Instruction: Answer ALL questions. QUESTION 1 (CLO2, P2, CLS 3a) Below are the extracted balances from

 Thats all the requirement given. PLEASE ANSWER THIS QUESTION Instruction: Answer

ALL questions. QUESTION 1 (CLO2, P2, CLS 3a) Below are the extracted

Thats all the requirement given. PLEASE ANSWER THIS QUESTION

Instruction: Answer ALL questions. QUESTION 1 (CLO2, P2, CLS 3a) Below are the extracted balances from AMN Motors Sdn Bhd on 31 December 2021 (The accounting period is from 1 January 2021-31 December 2021) Cash at bank RM 110,000 Cash in hand RM 7,800 Stock 1st Dec 2020 RM 85,000 Fixtures and Fitting RM 20,000 Provision of Depreciation - Fixtures and Fitting RM 3,800 Motor Vehicle RM 120,000 Provision of Depreciation - Motor Vehicle RM 24,000 Account Receivable: Moon Car Auto Trading RM 62,000 Account payable: Silver Motor RM 38,000 The following are transactions of AMN Motors Sdn Bhd for the month of December 2021: Date Transaction 2 Received invoice from Silver Motor RM 35,000 (trade discount 5%) 3 Bought the Photostat Machine from Rezo Trading RM 4,500 on credit 5 Issued invoice to Moon Car Auto RM 47, 300 7 Received cheque Moon Car Auto RM 13,000 10 Ahmad (owner of AMN Motors) took EX 5 motorcycle as a birthday present for his son RM 7,500 PRACTICAL EXERCISE 11 Bought car spare part from Ali Maju Enterprise RM 3,800 on cash 12 Received credit note from Moon Car Auto RM 3,600 due to return faulty goods 14 Issued a cheque to Rezo Trading being a settlement of the amount owed 17 Cash sales to Liana RM 2,800 19 Issued invoice costing RM 9,300 for goods purchased to Red Auto Sdn Bhd 20 Sold Perodua Axia to LIA Corp RM 29,000 and received a cheque. 24 Issued cheque to settle all the amount owed to Silver Motor and received 6% discount. Ahmad issued a cheque RM 3,300 for paying his personal insurance RM 1,300 and the balance is for shop insurance 25 27 Red Auto Sdn Bhd paid all their debts by cheque- 29 Paid salary RM 7,000 by cheque 31 Paid shop rental to Ahmad Hakim RM 5,000 by transfer into his bank account You are required to: a) Prepare the posting of all business transactions into the respective ledger accounts and close off all the accounts in the ledger. (15 Marks) b) Arrange all the balances from the ledger account by transfer to the Trial Balance as at 31 December 2021 (10 Marks)

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