Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i want the answer please! Allan Rodger sets up business in supplying material for food and drink business. Allan puts 25000 of his own money
i want the answer please!
Allan Rodger sets up business in supplying material for food and drink business. Allan puts 25000 of his own money into business and puts it in the Bank account. Enter these transactions for the month of September 2019 into the ledger accounts of Allan Rodger and prepare a Trial Balance as at 30th September 2019. 2nd September He paid rent on his premises in cash 2,000. 5th September Purchased inventory for 3,500 by cash. 7th September Paid insurance 500 by cash. 8th September Cash sales 750. 10th September Received bark loan of 20,000. 12th September Sold 1,500 inventory to Robert on credit. 14th September Purchased office furniture 1,250 paying by cheque. 15th September Purchased inventory for 2,250 from Steve on credit. 16th September Sold 1,750 goods to Olga on credit. 19th September Purchased a delivery van 3,000 paying by cheque. 22nd September Paid bank interest for the month 125. 25th September Paid Steve the on account of 2,250, 27th September Robert paid 500 by cheque in part settlement of his account 28th September Allan withdrew 200 cash for his own use. 30th September Olga settled their outstanding account in full. Enter these transactions for the month of September 2019 into the ledger accounts of Allan Rodger and prepare a Trial Balance as at 30th September 2019. ((All payments/receipts through the business bank account) 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