Question
Enter the following transactions for the month in the appropriate 'T' account Bone Nsuma is in business as a retailer. The following are his transactions
Enter the following transactions for the month in the appropriate 'T' account
Bone Nsuma is in business as a retailer. The following are his transactions for March 2011.
March 1. Started business with $1000 in cash.
2. Bought goods on credit from P.Z Ltd for $560 and immediately deposited cash of $100
5. Received credit note of $60 from P.Z Ltd for goods damaged in transit.
9. Sold on credit to C. Ako five dozen shirts at $6 per shirt
21. Bought on credit from G.B Oliver Ltd ten cases Club beer at $15 a case.
23. Returned one cash club beer which was in excess of requirements.
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