Saloma Tradings has started the business in January 1, 2014 with cash invest RM50,000.

Follow are the transactions made in the first month of the business:

January 2 Paid shop rental of RM600 cash and deposited RM30,000 cash into the bank.

5 Purchased equipment for business worth RM10,000 by cash

7 Cash purchase of RM700

9 Credit purchases from Nurul Jannah, RM20,000

12 Sold RM3,000 worth of goods on credit to Fynn Jamal

20 Paid Fynn Jamal RM10,000 by cheque. Discount received 3%

25 Purchased lorry worth RM30,000. 10% of the lorry price is paid in cash an the

difference by loan from Bank Islam

29 Paid electricity and water bill of RM250 by cash

Required:

Record the above information into:

1. Journals double-entry;

2. posted to ledger, and

3. prepare the trial balance.

The following account balances are taken from the accounting book of Hafizi Sdn. Bhd. as at

30 November 2011.

Account RMMotor vehicles 40,000Fixtures and fittings 30,000Cash in hand 10,000Cash at bank 50,000Receivable 20,000Payable 15,000

During December 2011, the following transactions occurred:

Date Transactions1 Purchased new vehicle costing RM25,000. 90% of the price is paid by cheque and by

cash for the remaining3 Paid telephone bill of RM150, water bill RM100 and electricity bill of RM200 with

cash9 Sold goods on credit of RM7,00010 Paid goods by cash of RM3,000 and received discount of 10%15 Customer returned low quality goods worth RM70017 Cash sales of RM30023 Paid house rent of his children of RM700 with cheque29 Customer paid half of the debt by cheque31 Paid supplier’s debt of RM5,000 by cheque, and purchase goods on credit of

RM6,000

Required:

Record the above information into:

1. Journals double-entry;

2. posted to ledger, and

3. prepare the trial balance.

On 1 January 2012, Mr. Adrian started a business selling sports equipment. The following are

transactions that occurred during January 2012

Date Transactions1 Started business with cash in hand of RM5,000 and cash at bank of RM20,0003 Bought in motor vehicle worth RM12,000 and furniture worth RM1,000 for business

use7 Purchased stationeries worth RM150 by cash 10 Purchased sport rackets on credit of RM10,000 from Jaya Enterprise15 Cash sale of RM1,80017 Returned defective goods of RM50019 Credit sales to Ms. Azna Sahela valued at RM8,00023 Withdrawn RM3,000 cash from ATM to purchase computer for business use25 Paid premise rental of RM700 in cash27 Returns inwards worth RM30028 Paid Jaya Enterprise’s debts by cheque and received 10% discount31 Additional capital in form of cash RM4,000.

Ms. Rosni paid her debts by cheque after deducting discount received of 10%

Required:

Record the above information into:

1. Journals double-entry;

2. posted to ledger, and

3. prepare the trial balance.