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(a) On 1stMay 2019, MsLinetstarteda new business withShs780,000 Cash. During May she carried out the followingtransactions:- 1stMay DepositedShs.65,000 in a bank account. 2ndMay BoughtFurnitureforShs.190,000 cash
(a) On 1stMay 2019, MsLinetstarteda new business withShs780,000 Cash. During May she carried out the followingtransactions:-
1stMay
DepositedShs.65,000 in a bank account.
2ndMay
BoughtFurnitureforShs.190,000 cash
9thMay
Boughtgoodsfor Shs.140,000 on credit to AmaniLtd.
12thMay
Sold goods for Shs.160,000 on credittoOliveLtd.
15thMay
Received payment of Shs.50,000OliveLtd
17thMay
Sold goods for Shs.40,000 cashtoAsha.
21stMay
Paid rent Shs.25, 000 by cheque and electricity Shs.8, 000 cash.
Required
Record the above transactions in the relevant ledger accounts
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