Answered step by step
Verified Expert Solution
Question
1 Approved Answer
M Ropers began trading on 1 April 208. His transactions during the first month of trading were as follow 208 Transactions Apr 01 Ropers started
M Ropers began trading on 1 April 208. His transactions during the first month of trading were as follow 208 Transactions Apr 01 Ropers started business with cash $10000, bank $35000, furniture $8000 02 Bought goods on credit from G Grahame for $3500 04 Purchased stationery for cash $200 05 Sold goods on credit to Simon Ado for $800 07 Sold goods for cash $200 07 Purchased goods on credit from J Henson costing $2100 09 Cash purchases $300 10 Paid rent of $1200 paying by cheque 11 Sold goods on credit to G Jackson for $500 14 Returned some damaged inventory costing $150 to G Grahame 16 Cheque received from Simon Ado $180 19 Sold goods on credit to D Hough for $400 21 Simon Ado returned goods which were sold for $100 23 Purchased vehicle on credit from ABC Motors Ltd costing $2500 24 Purchased goods on credit from G Grahame $400 27 Returned goods costing $100 to G Grahame 29 D Hough has just been declared bankrupt and his account is written off as bad 30 Paid $300 to G Grahame by cheque REQUIRED (a) Prepare books of original entry to record the above transactions. (b) Prepare relevant ledger account s to show posting of transactions from journals. (c) Prepare a trial balance as at 30 April 208
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