Answer to Question #254639 in Accounting for DOREEN

Question

Hadid owns a shop selling groceries to the local community. Most of the sales and

purchases are made on credit. Below are the credit purchases and credit sales transactions

for the month ended 31 July 2019:

1/7/2019 Purchased stationery items on credit from MM Stationery for

RM1,500.

2/7/2019 Purchased canned drinks from ABC Beverages Sdn Bhd for

RM1,000 on credit.

6/7/2019 Sold goods to Sani on credit for RM100.

7/7/2019 Sold snacks on credit worth RM300 to Zaini who runs a small

business catering to the needs of his neighbours.

8/7/2019 Sold groceries on credit worth RM400 to Fatin.

Post the ledger to the relevant accounts and balance it off.

Answer 1

The answer to your question is provided in the image: