Make a t-account
Open the necessary ledger accounts and enter the following transactions of Honey Enterprise
Close the accounts and bring down the balance to 1 April 2022.
2022 Mar I Honey Enterprise commenced business bringing RM30,000 cash. 2 Bought goods on credit RM6,800 from Lee Sdn Bhd
2022 Mar 6 Took RM2,000 from bank for office use.
2022 Mar 11 Cash sales RM850.
2022 Mar 12 Returned goods RM680 to Lee Sdn Bhd. 15 Cash purchases RM1,200,
2022 Mar 20 Paid electricity bills RM320 by cash.
2022 Mar 23 Sold goods RM2,900 on credit to Mei Ling. 28 Paid salaries RM900 by cheque.
2022 Mar 29 Bought office furniture RM1,350 by cheque.