[shafiemimi]

The following are the list of Balances of SUNSHINE Company as at 1.2.2012
RM
Land and building 450,000.
Furniture and Fittings 35,000.
Office Equipment 25,000.
Motor Vehicles 75,000.
Inventory 5,000.
Trade Receivables 12,000.
Trade Payables 8,000.
Bank Loan 200,000.
Bank 13,000.
Cash in Hand 1,000.
Capital 408,000.

The following transactions took place during the month.
Cash sales – received by cheque 250,000.
Cash sales – received by cash 2,000.
Cash Purchases – paid by cheque 120,000.
Credit Sales 180,000.
Credit Purchases 80,000.
Sales return – credit customers 2,000.
Purchases return – credit from supplier 3,000.
Selling expenses paid by cheque 24,000.
Administrative expenses paid by cheque 36,000.
Cash withdrawn from bank for personal use by owner 12,000.
Cash collected from customers- cheques 165,000.
Cash paid to creditors – cheques 70,000.
Loan repaid – cheques 20,000.
Purchases of office equipment by credit 10,000.
Cash deposited in bank. 2,000.

You are required to record the above transaction in the ledger accounts and prepare the trial balance as 28 February 2012

[JudyKayTee]

YOU are required to do this. "We" are not.

Ask Me Help Desk - Announcements in Forum : Homework Help

[pready]

You need to do journal entries for all of your transactions and post them to your accounts. After that you need to get the new balances on your accounts and prepare a trial balance to very that your debit account balances equal your credit account balances.