Reference no: EM132586497
QUESTION - The following are the transactions of Nili Enterprise for the month of March 2011.
March 1 Nili started business with RM200,000 in Bank.
March 3 Bought office fixtures by cheque RM6,500.
March 4 Bought goods by cheque RM20.000.
March 5 Withdrew RM5,000 from bank for use in shop.
March 6 Bought goods on credit : Abu RM2000; Ali RM3400.
March 7 Paid wages by cash RM350.
March 8 Bought Office Equipment RM3,500 by cheque.
March 9 Cash sales RM10,000.
March 10 Bought goods on credit from: Shahrukh RM5,000; Joy RM1,600.
March 11 Took some of the stock shop RM300 for personal use.
March 13 Goods sold on credit to: Ahmad RM4,000; Shajjadur RM3,000.
March 15 Bought office stationery for cash RM290.
March 16 Received cash from Shajjadur RM500.
March 17 Paid cash to Joy (50% of account balance).
March 19 Paid cheque to Shahrukh RM3,000.
March 20 Mohammad takes RM500 drawings in cash.
March 22 Bought goods on, credit from Durgasri RM20,000.
March 25 Return goods to Durgasri RM400.
March 26 Bought office stationery RM220 by cask.
March 27 Received cheque from Ahmad RM2500; Shajjadur RM1200.
March 28 Cash sales RM18,000.
March 29 Paid sundry expenses by cash RM550.
March 31 Paid salary by cheque RM2000.
REQUIRED -
a) Record all the transactions in JOURNAL.
b) Post the entries in journal to LEDGERS.
c) BALANCE of all the accounts for the month of March 2011.
d) Extract a TRIAL BALANCE as at 31 March 2011.