The following balances have been extracted from the records ofPam Goal’s business as at 30^th July 2020. Pam’s businessis called “Honeypot” and she sells cakes and confectionery from asmall high street shop.

	RM
Bank overdraft	2,100
Cash	450
Land and building	20,900
Account receivable - Sharon Evans	700
Account payable - Baking Bliss	1,100
Account receivable - Archie Eel	500
Capital account	20,150
Inventory at cost	1,200
Account payable - Sweet Things	400

The following transactions occurred during August 2020:

August	5	Pam Goal paid RM3,000 into the business bank account.
	7	Wages were paid in cash RM240.
	10	Inventory was purchased on credit from Baking Bliss to the valueof RM900.
	11	Pam Goal took two cakes from her shop’s inventory for her ownuse. The cakes are usually sold for RM25 each.
	13	A cheque for RM300 received from Archie Eel was banked. This wasin part of payment of his account.
	14	Cash sales for the two weeks were RM4,100. Half of this wasbanked.
	25	Sold cakes to Sharon Evans on credit, RM260.
	26	Purchased sweets, paying in cash RM180.
	28	Cash sales for the two weeks were RM4,300. RM2,300of this wastaken by Pam Goal for personal use.
	30	Sharon Evans returned a cake, complaining about the poorflavour. Pam agreed to adjust Sharon owes the business by RM24.

Required:

1. Prepare the journal entries.
2. Record the transactions in the ledger accounts.
3. Prepare the trial balances as at 31 August 2020.