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Create Trial Balance from the following transactions; Started business on 1st January 2011 with a capital of $100,000 in cash. On the same date he
Create Trial Balance from the following transactions; Started business on 1st January 2011 with a capital of $100,000 in cash. On the same date he opened the bank account in ADCB and deposited $20,000. Bought goods for cash 70,000 Sold goods to Steve Co. (Credit) 38,000 Sold goods for cash 9,000 Steve Co. paid by cheque 35,000 Stationery bill paid by cheque 2,000 Telephone bill by cash 500 Paid rent by cash 2,000 Paid salaries by cash 3,000 Withdrew cash personal use 5,000
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