Question
Complete the table by showing the accounts to be debited and credited for Favor Enterprise 3 4 6 8 DATE YEAR March, 2018 1
Complete the table by showing the accounts to be debited and credited for Favor Enterprise 3 4 6 8 DATE YEAR March, 2018 1 10 11 ---- 12 14 15 17 18 19 24 25 26 27 28 TRANSACTIONS Started business with GHc 20,000 in the cash Atsu lent the business GHc 5,000 in cheque Bought goods on credit from Berku GHC 1,530 Sold goods for cheque GHc 1,910 Took GHc 200 of cheque for office use Sold goods on credit to Chiiki GHc 1,374 Sold goods on credit to Zaa GHc 341 Bought goods on credit from Berku GHC 488 Chiiki returned goods to us GHC 65 Sold goods on credit to Gafa GHc 535 We returned goods to Berku GHc 94 Bought Van on credit from Zakat Ltd. GHC 4,370 Bought office furniture on credit from WudArtist Ltd. GHc 1,800 Bought goods for cheque GHc 390 Goods sold for cash paid directly into the bank GHc 110 Paid money owing to Berku by Cheque GHC 1,924 Goods returned to us by Bafa GHC 34 Returned some of office furniture costing GHC 180 to Wudartist Ltd. We put a further GHc 2,500 into the 29 30 business in the form of bank Paid Zakat Ltd. GHc 4370 by cheque. Withdrew GHc2350from bank to pay daughter's school fees ACCOUNTS TO BE DEBITED ACCOUNTS TO BE CREDITED (20 Marks)
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