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Answered 1.2 Post the transactions to selected T accounts. The chart of accounts for the business included the following accounts: [25 marks] Balance Account Title
Answered 1.2 Post the transactions to selected T accounts. The chart of accounts for the business included the following accounts: [25 marks] Balance Account Title Account Code 26,750 1-100 Cash at bank 1-200 Debtors 29,980 1-300 Inventory 65,000 1-400 Prepayments 3,500 1-500 Motor Vehicles 12,000 1-600 Acc. Dept- equipment (2,500) 2-100 Creditors 22,000 2- 200 Accruals 530 2- 300 Unearned revenue 1.900 2-400 Provision for dividend 8,500 2-600 Provision for tax payable 8,000 2-700 Loan 25,000 3-100 Paid up capital 40,000 3-200 General reserve 3-300 Retained profit 28,800 Answered 1.2 Post the transactions to selected T accounts. The chart of accounts for the business included the following accounts: [25 marks] Balance Account Title Account Code 26,750 1-100 Cash at bank 1-200 Debtors 29,980 1-300 Inventory 65,000 1-400 Prepayments 3,500 1-500 Motor Vehicles 12,000 1-600 Acc. Dept- equipment (2,500) 2-100 Creditors 22,000 2- 200 Accruals 530 2- 300 Unearned revenue 1.900 2-400 Provision for dividend 8,500 2-600 Provision for tax payable 8,000 2-700 Loan 25,000 3-100 Paid up capital 40,000 3-200 General reserve 3-300 Retained profit 28,800
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