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Assignment BBA commenced in business as a market gardener on 1 March. Required: Record the following transactions in the ledger accounts: 1 Mar Paid N7,000
Assignment BBA commenced in business as a market gardener on 1 March. Required: Record the following transactions in the ledger accounts: 1 Mar Paid N7,000 rent for land for the month of March, from his own funds. 3 Mar Bought equipment on credit for N4,000 from JKL 4 Mar Bought plants for N200,000, paying from his own funds. 8 Mar Received N10,000 cash for a talk to the local horticultural society. 10 Mar Sold plants for N120,000, being paid by cheque. A business bank account was opened with this amount. 12 Mar Paid wages of N5,000 in cash. 14 Mar Bought plants for N80,000 on credit from BHH 18 Mar Sold Plants for N50,000 on Credit to PB. 23 Mar Paid N10,000 local business tax by cheque. 28 Mar Paid wages of N2,000 in cash. 31 Mar Sold plants for N24, 000 being paid in cash
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