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(ii) The following information relates of the books of James for the month of April 2015. 2015 April 1 James started business with Sh.50,000 in
(ii) The following information relates of the books of James for the month of April 2015. 2015 April 1 James started business with Sh.50,000 in cash. April 2 He receives a loan of Sh.20,000 cash from Patet April 3 Bought machinery for Sh.20,000. April 4 Bought goods from David for Sh.5,000 April 15 Bought goods for cash Sh.8,000 April 16 Some of the goods bought from David Sh.1,500 returned. April 27 Sold goods for cash Sh.10,000. April 29 Paid General expenses by cash Sh.900 April 30 Paid wages Sh.1,500 cash. REQUIRED: 1) Write up the accounts in the Ledger to record the above. (10 Marks) 2) Balance off the accounts as necessary. (4 Marks) 3) Extract a Trial Balance as at 30th April 2015. (8 Marks) TOTAL: 25 MARKS
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