QUESTION 3

Perniagaan Pelita Ilmu (PPI) located in Bertam Indah, uses periodic inventory system. PPI
closes its accounts at the end of each year. Accounts balance on 30 November 2020 are as
follows:
Accounts RM
Cash 14,000
Accounts Receivable- Lili Sdn Bhd 27,600
Inventories 27,500
Equipment 42,000
Accumulated Depreciation - Equipment 9,000
Accounts Payable- Mawar Tulip Enterprise 31,200
Capital 45,700
Drawing 5,000
Sales 244.500
Sales Returns and Allowances 4,600
Sales Discount 3,900
Cost of goods sold 172,000
Salary paid 27,700
Utilities Expenses 6,100

Here are the transactions that have been carried out by PPI during the month of December
2020:
Dec 1 Purchase of goods on credit from Perniagaan Cerdik,
RM10,500, terms FOB destination, 1/10, n / 30.
2 Sold goods on credit to Celik Ilmu RM4,500; terms FOB shipping point, 2/15, n
/ 30. Cost of good sold was RM2,250. The cost of transport is RM150.
5 Returning of goods purchased from Perniagaan Cerdik on December 1 RM400.
9 Received returns of goods RM350 from Celik Ilmu for sale on December 2.
The cost of goods that are returned is RM 175.
11 Receiving a cheque from Celik Ilmu for sale on December 2.
16 Paid to Perniagaan Cerdik for purchase made on 1 December by cheque.
26 PPI took a book , to give to her daughter. Cost of the book is RM90.
30 PPI paid electricity amounting to RM250 in cash.
30 PPI paid employees salaries RM1,200 by cash.

Required:
a) Prepare journal entries to record the transactions in December 2020.
b) Prepare a subsidiary ledgers, accounts receivable control and accounts payable
control, cash accounts and bank accounts.
QUESTION 4
Juwita Sdn. Bhd. runs a business selling supplies for mask and sanitizer. The following
balances are obtained as at 1 May 2021.
Accounts RM
Cash 9,670
Accounts receivable:
Abu Bakar 5,000
Hussein 3,650
Inventory 5,230
Accounts payable:
Perniagaan Teoh 1,500
Perniagaan Samy 2,480
Notes payable 6,370
Capital 13,200

The following transactions were completed during May 2021.

Date Transactions
May 3 Purchased merchandise on account from Perniagaan Teoh, RM2,200, terms 5/7,
n/45.
5 Purchased merchandise on account from Perniagaan Samy, RM1,500, terms 5/10,
n/45.
6 Received cheque from Abu Bakar, RM5,000.
7 Paid Perniagaan Teoh and all the debts for the purchased of merchandise on 3 May..
10 Sold merchandise to Suzana for cash RM1,000 and on credit to Zaidin RM1,500,
term 10/3, n/15.
11 Paid notes payable RM4,000 and interest RM80 with cheque.
12 Sold merchandise on account to Halimah, RM1,800, terms 10/3, n/15.
17 Sold merchandise on account to Maslina, RM2,500, terms 10/4, n/15.
20 Received payment by cash from Maslina.
23 Received payment by cash from Zaidin.
25 Paid salaries expense RM1,500 by cash.
27 Paid utilities bill RM200 by cash.
28 Paid rental expense RM3,200 by cash.

INSTRUCTIONS:
(i) Show all the transactions in sales journal, purchases journal, cash receipts journal, cash
payments journal and general journal.
(ii) Show a trial balance as at 30 May 2021.
QUESTION 5
Perniagaan Kittiey Cutie runs a business selling cages, shelves and cat care accessories at
Masjid Tanah. The following balances are obtained as at 1 November 2020:
Account RM
Bank 80,000
Cash 30,000
Accounts receivable-Moritz Trading 17,000
Office equipment 6,400
Accounts payable-Minka Enterprise 12,600
Capital 80,800
Loan 40,000

The following transactions were completed during November.

Date Transactions
Nov. 4 Purchased 10 units of cat’s cage on account from Fluffy Enterprise, RM1,000
perunit, term 2/10, n/30.
5 Paid to Minka Enterprise with cheque to settle all its debt.
7 Owner brought in teak wood shelf for business use, RM3,000.
8 Returned damaged cage to Fluffy Enterprise, RM1,000.
9 Received cheque from Moritz Trading for settlement of all its debt.
11 Sold merchandise to Kedai Muschi, RM14,400, term 2/10, n/30.
12 Paid RM840 transportation expense for merchandise sold on 11 November with
cheque.
13 Paid half (1/2) of amount owed to Fluffy Enterprise.
15 Purchased lorry on account RM55,000 from Syarikat Alfie Bhd.
17 Purchased accessories set for cash from Perniagaan Tee-gher, RM3,600.
20 The owner gave his son’s a cage worth RM3,400 as a birthday gift.
22 Sold cat accessories shelf for cash to Perniagaan Smudge RM6,400 and give
trade discounts RM320.
25 Purchased office supplies for cash from Missy Enterprise, RM3,000.
30 Paid rental expense RM800.

INSTRUCTIONS:
(i) Show all the transactions in purchases journal, sales journal, cash receipts journal, cash
payments journal and general journal.
(ii) Show a trial balance as at 30 November 2020.