Zaharif Sdn Bhd is a newly established company which began its business operations on 10...
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Zaharif Sdn Bhd is a newly established company which began its business operations on 10 April 2020. The company sells floor tiles and is located in Ipoh, Perak. The transactions for the month of April is as follows:- 2020 April 10 Started a business with RM500,000 cash and RM250,000 vehicle. 11 Transferred RM400.000 cash into business's bank account 13 Paid office rental deposit RM5,000 cash 15 Bought office furniture RM10,000, computers RM8,000 and printers RM2,500 by checque. 17 Bought inventories RM135,000 by credit from Dewtch-Floor Group Bhd. 22 Sold inventories by credit to Jentayu Tinggi Ltd RM50,000. 25 Sold inventories in cash to Mr. Aqil RM13,000. 28 Received cheque RM20,000 from Jentayu Tinggi Ltd 30 Paid salaries RM10,500 by cheque and RM850 utility bills in cash. You are required to prepare: (a) Enter ALL transactions into general journals. (10 Marks) (b) Post the item in (a) to the relevant ledger accounts. (10 Marks) (c) Prepare trial balance
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