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2 Y 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 1 Jan 2017 The Company started its

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2 Y 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 1 Jan 2017 The Company started its business by issuing 10,000 share for 5 each. The share money received were deposited into the bank account. 2 Jan 2017 - The Company hired a staff with the following salary package : Accountant: f 1500/- a month, Operational Staff 5000/- a month (5 persons, 1,000 each), Helping Staff 2000/- a month (4 (persons, 500, each person) 4 Jan 2017 - The company purchased inventory for 10,000 paying 5,000 in cash and and remaining 5,000 on credit from Fulton Ltd. 8 Jan 2017 - The Company purchased Office Equipments for 15,000/- on credit from Index Furniture. 10 Jan 2017 - The Company purchased Computers for its employees costing 5000 and paid through cheque. 11 Jan 2017 - The Company Leased a delivery van from the bank, the market value of the car is f20,000 and company paid 20% down payment. Monthly instalment are 1,000 a month to be paid at the end of the month, 5% interest is included in the instalment payment 12 Jan 2017 - The company received its first order from the client BZD Ltd. for 2,500, goods delivered to the client and received a cheque and banked it. The company sells its goods at a profit margin of 40% 15 Jan 2017 - The Company paid 500 for the fuel and repair and maintenance of the delivery van. 18 Jan 2017 - The Company received another order for 1500 from Zayab Ltd. Goods delivered and cheque received and banked. 25 Jan 2017 - Cheque paid to Index Furniture for 10,000 31 Jan 2017 - Accrued Office Rent 1,000 31 Jan 2017 Paid monthly instalment of the delivery van. 31 Jan 2017 Accrued utilities for the month of Jan for 1,000 31 Jan 2017 - Accrued Salaries & Wages for the month. You are required to: 1. Record journal entries to appropriate chart of accounts 2. Prepare trial balance as at 31 Jan 2017

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