QUESTION 2 Nutella Pod Enterprise is a business supplying cookies in Kuala Lumpur. The following...
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QUESTION 2 Nutella Pod Enterprise is a business supplying cookies in Kuala Lumpur. The following transactions are related to the Nutella Pod Enterprise for the month of November 2020. November Transactions 1 Started the business with RM40,000 at cash. Bought goods RM12,000 on credit from Morib Trading. 7 Sold goods RM3,000 for cash to Liza. 8 Returned goods RM500 to Morib Trading. Received cheque RM20,000 being loan from Maybank Bhd. 18 Paid rent amounting RM1,500 by cheque. 24 Bought motor van priced at RM25,000 on credit from Tan Lee Motor. 9 25 Owner took goods amounting RM1,000 for personal use. Sold cookies to MamaFad amounting RM2,800 on credit. 30 You are required to: a. Identify the double entry for the transaction above. (9 marks) b. Prepare the T-account for the above transactions and balancing off the account. (31 marks) C. Prepare the Trial Balance as at 30 November 2020. (14 marks) (Total:54marks)
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