V. Prepare the Trial Balance
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...
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Question
Do v) only.
![The transactions below were extracted from the book of Aloha Trading:
Januar
Transactions
y
1
Injected cash RM5,000 CRJ and a Computer of RM 6,000 into the
business GJ
Made credit sales amounting RM5,000 SJ
Sold goods to Ali amounting RM 500 cash CRJ
4
Ali returned RM 200 of goods wrongly ordered CPJ
Stationeries amounting RM50 was paid by cash CPJ
Received dividend from unit trust amounting RM100 cash CRJ
7
Gives cash loans to Amin, the worker amounting RM500 CPJ](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F545054b0-a8e3-4b8e-ab8e-84bee489f571%2F0064d4d7-121c-4d41-b3c6-e53c6625bdc7%2Fbsgvdcp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The transactions below were extracted from the book of Aloha Trading:
Januar
Transactions
y
1
Injected cash RM5,000 CRJ and a Computer of RM 6,000 into the
business GJ
Made credit sales amounting RM5,000 SJ
Sold goods to Ali amounting RM 500 cash CRJ
4
Ali returned RM 200 of goods wrongly ordered CPJ
Stationeries amounting RM50 was paid by cash CPJ
Received dividend from unit trust amounting RM100 cash CRJ
7
Gives cash loans to Amin, the worker amounting RM500 CPJ
![Required:
i.
ii.
iii.
iv.
Identify book of prime entries.
Prepare the specialized journal
Prepare the subsidiary's ledger (AC RECEIVABLE&AC PAYABLE)
Prepare general ledger (other accounts)
Prepare the Trial Balance
V.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F545054b0-a8e3-4b8e-ab8e-84bee489f571%2F0064d4d7-121c-4d41-b3c6-e53c6625bdc7%2Fhv9an4q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required:
i.
ii.
iii.
iv.
Identify book of prime entries.
Prepare the specialized journal
Prepare the subsidiary's ledger (AC RECEIVABLE&AC PAYABLE)
Prepare general ledger (other accounts)
Prepare the Trial Balance
V.
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