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1.Journal entries
2.Post the journal entries to ledger.
3.Trial balance.

On OOI 2 Rainbow Aces Trading buys and sells soft furnishings and office equipment. In August 2015 the following receipts and
Recording the Accounting Information 63 11 Aug Salaries paid amounting to RM250 by cheque 12 Aug Cash sales received, RM290 1
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Debit (RM) 230 Credit (RM) 230 470 470 I 510 1 380 510 380 250 250 290 290 40 40 410 410 150 150 320 30 350 500 Date AccountsCash Dr. | Date Particulars | 01 Aug Balance b/d 12 Aug Sales 26 Aug Purchase | 29 Aug Cash Amount (RM) 860 290 170 180 AmounSales Dr. Date Particulars Amount (RM) Particulars Date 04 Aug Bank 10 Aug Bank 12 Aug Cash A mount (RM) 470 380 290 31-Aug TDrawings Dr. Particulars Amount (RM) Date 19 Aug Cash Amount (RM) Date Particulars 150 | 31 Aug Owners Capital 150 1.50 Insu

Trial Balance is not prepared due to no balance available for some accounts.

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