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Dolly, a stationery dealer, commenced business on 1 July 2019 with E $40,000 cash at bank The following were Dolly's transactions for July 1999. July
Dolly, a stationery dealer, commenced business on 1 July 2019 with E $40,000 cash at bank The following were Dolly's transactions for July 1999. July 2 Paid carriage expenses by cheque E 6,000; July 2 Bought from Fifi on credit; 30 exercise books at E3,000 cach; 12 pens at E2,250 each 24 pencils at E 1,950, each: 15 pencils at 1.800 each Purchase generalstationery goods by cheque B 75,000 July 6 Cash sales E36,000 July 7 Calculator bought for cash E 6,600 July 12 Sold to Ato on credit 15 exercise books at E3,600 cach 6 pensa E 2,160 cach 9 ser at E 2,160 each Sold goods for chaque E 9,000. July 14 Ato returned the following userty 3 exercise books and 3 pens July 15 Received from Alo a cheque in full settlement of his account July 20 Settled Fifi's account by cheque July 21 Bought from Frimpong on credit 30 crayons 2,400 cach; 60 stencils a 1,350 each July 22 Returned to Frimpong 3 stencils and 6 crayons Withdraw cash for office use E 22 500 July 29 Cash sales paid to bank E 16,500 July 31 Paid for postage in cash E 3.000. You are required to prepare the 1. Purchases day book (5 Marks) b. Sales day book (5 Marks) b. Cash book to record the above transactions (10 Maris) c. Extract a trial balance as at 31 July 2019 (5 Marka)
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