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Question - The following is the information extracted from the accounting book of Juwita Shop as at 31 January 2022.
Particulars
RM
Building A DR
50,000
Motor Vehicles A DR
Furniture A DR
20,000
Cash A DR
10,000
Bank A DR
90,000
Account receivable - Rahimi A DR
Account Payable - Li Ann L CR
30,000
Date 2022
Feb 1
Credit Sale of RM2,000 to Iman
Feb 7
Paid water bill of RM300 by cash
Feb 9
Purchased goods on credit to Mr lim worth RM20,000 trade discount 10%.
Feb 10
Sold used furniture worth RM200 for cash. The sales amount is deposited into bank.
Feb 12
Cash sale of RM8,000
Feb 17
Iman returned goods worth RM200
Feb 19
Sent sale invoice of Rm15,000 to Reza
Feb 22
Returned defective goods worth RM700 to account payable - Li Ann
Feb 25
Rahimi paid half of his debt by cheque
Feb 29
Paid off debts to Li Ann RM15,000, Mr. Lim RM5,000 and employee' salaries of RM2,000 by cheque
Required - You are required to:
1. Record the transaction into journal entry.
2. Post entries to ledgers.
3. Prepare the trial balance as at 28 February 2022.
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