Record the following transactions in the accounts for October 20X4, balance off the accounts and prepare a trial balance as at 31 October 20X4.
Oct. 1 Started business with RM5,000 in the bank. 2 Purchased goods on credit from Abba Bhd. for RM490 and Oyen Trading for RM810. 5 Cash sales of RM350. 7 Paid repair expenses of RM130 by cheque. 9 Paid general expenses of RM200 by cheque. 11 Sold goods on credit to Mickey and Sam, worth RM800 and RM1,500, respectively.
16 Paid utility expenses amounting to RM120 by cash. 18 Returned goods to Abba Bhd. and Oyen Trading worth RM40 and RM50, respectively. 19 21 Mickey and Sam returned RM10 and RM50 worth of goods, respectively. Purchased delivery van of RM10,000 on credit from Ah Chong Motor. 24 Paid Abba Bhd. RM250 and Oyen Trading RM400 by cheque. 27 Received a loan of RM500 cash from Aminah.
29 Received cheques from Mickey and Sam for RM80 and RM500, respectively.
30 The owner deposited a further RM2,000 into the business bank account.
