Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer the attaced question Exercise 2019 October 1 October 2 October 3 Octo er 4 October 5 Octo er 6 October 7 October 8 October

answer the attaced question
image text in transcribed

Exercise 2019 October 1 October 2 October 3 Octo er 4 October 5 Octo er 6 October 7 October 8 October 10 October 11 October 12 Octo er 13 October 17 Octo er20 October 30 Octo er 30 Started business with Shs. 25,000 Bought goos paying cheque S s. 3,800 Bought goods from H. Marshall Shs. 5,000 Sold goo to AB&CO_ s. 2600 Cashed a cheque for Office use Shs. 2000 Bought goo s om s. 7,400 Sold goods to M. Kariuki Shs 3,700 Paid motor expenses in cash Shs. 300 Sold goods for cash shs_ 2,500 Paidto H. Marshall by cheque the amount due to him less 5% Received from AB & CO. a cheque of the amount due less 4% cash discount Pai motor expenses in cas S s. 250 Paidto XY Co. cheque by deducting cash discount 3% Receive cash rom M. Kariu i, scount allowe 2h% Paid wages in cash Shs. 1,000 Ban edcas e inga balanceo cas in a S . 500. You are required to: a. Enter the above transactions into the ledger through the journal. b. Balance the accounts and extract a Trial Balance as at 31' October, 2019.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles Volume 1

Authors: Jerry A. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1118751752, 978-1118751756

More Books

Students also viewed these Accounting questions