Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and transfer the balances into a trial balance Date Jan
Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and transfer the balances into a trial balance Date Jan 1 Jan 2 Jan 3 Jan 4 Jan 6 Jan 8 Jan 11 Jan 12 Jan 15 Jan 15 Jan 16 Transactions Started business putting 5.000 into the bank and 500 into petty cash Bought inventory on credit from C. Higgins, E250; F. Gulmohammed, 450 S. O Hare, 650, J. Ballantine, 850 Returned goods to J. Ballantine, 80 and F. Gulmohammed, 40 Sold inventory on credit to: C. Doogan, 1,000; S. Totten, 800 and C. Magee, 1,500 Purchased goods by cheque, 4,000 Purchased goods by in cash, 250 Bought a motor car for 8,000 using a loan received from the bank. Put diesel in the car, 50 cash, bought motor tax 120 (by cheque) and insured the car (500 - paid for by cheque) Sold goods in cash, 560 Sold goods -received a cheque, 750 Purchased goods on credit from J. Ballantine, 80; C. Higgins, 560; F. Gulmohammed, 350; S O Hare, 650 Sold goods on credit to S. Totten, 650; C. Magee, 980 and M.Farmer, 150 S. Totten returned goods - 60 and C. Magee returned goods - 100 Returned goods to C. Higgins 60 Paid by cheque C. Higgins 500, J. Ballantine, 800, S. O Hare, 300 Received cash from C Doogan - 800 (banked 500 of this) Received a cheque from S. Totten for 750 and C. Magee, 2,000 Purchased diesel, 50 (in cash) Cash sales, 500 Sales, 2,200 (cheques received) S. Totten purchased 2,500 worth of goods Purchased 850 of goods from J. Ballantine Jan 18 Jan 21 Jan 22 Jan 23 Jan 25 Jan 25 Jan 26 Jan 30 Jan 31 Jan 31 Jan 31 Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and transfer the balances into a trial balance Date Jan 1 Jan 2 Jan 3 Jan 4 Jan 6 Jan 8 Jan 11 Jan 12 Jan 15 Jan 15 Jan 16 Transactions Started business putting 5.000 into the bank and 500 into petty cash Bought inventory on credit from C. Higgins, E250; F. Gulmohammed, 450 S. O Hare, 650, J. Ballantine, 850 Returned goods to J. Ballantine, 80 and F. Gulmohammed, 40 Sold inventory on credit to: C. Doogan, 1,000; S. Totten, 800 and C. Magee, 1,500 Purchased goods by cheque, 4,000 Purchased goods by in cash, 250 Bought a motor car for 8,000 using a loan received from the bank. Put diesel in the car, 50 cash, bought motor tax 120 (by cheque) and insured the car (500 - paid for by cheque) Sold goods in cash, 560 Sold goods -received a cheque, 750 Purchased goods on credit from J. Ballantine, 80; C. Higgins, 560; F. Gulmohammed, 350; S O Hare, 650 Sold goods on credit to S. Totten, 650; C. Magee, 980 and M.Farmer, 150 S. Totten returned goods - 60 and C. Magee returned goods - 100 Returned goods to C. Higgins 60 Paid by cheque C. Higgins 500, J. Ballantine, 800, S. O Hare, 300 Received cash from C Doogan - 800 (banked 500 of this) Received a cheque from S. Totten for 750 and C. Magee, 2,000 Purchased diesel, 50 (in cash) Cash sales, 500 Sales, 2,200 (cheques received) S. Totten purchased 2,500 worth of goods Purchased 850 of goods from J. Ballantine Jan 18 Jan 21 Jan 22 Jan 23 Jan 25 Jan 25 Jan 26 Jan 30 Jan 31 Jan 31 Jan 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started