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How much does laura have in the bank at the end of the week

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Reference no: EM132691110

The following ledger balances make up a company's trial balance:

RM

Sales 76, 700

Purchases 26, 800

Equipment 31, 400

Accounts payable 18, 200

Accounts receivable 32, 300

Cash at bank 14, 200

Capital 9, 800

Problem 1: Which is the total of the debit column in the trial balance?

A. RM94, 900

B. RM104, 700

C. RM105, 900

D. RM209, 400

Laura has a bank balance of RM550 at the start of the week. During the week, the following transactions occur:

Day 1 She sells goods on credit for RM876

Day 2 She receives a cheque for RM400 from a credit customer

Day 3 She purchases office equipment for RM900 paying immediately by cheque

Problem 2: How much does Laura have in the bank at the end of the week?

A. RM926

B. RM400

C. RM50

D. RM126

Reference no: EM132691110

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