Question
Make General journal entries and post them in the respective Ledgers. Also Make Trial Balance JAN 1 Jack commenced business with a capital USD 5000
Make General journal entries and post them in the respective Ledgers. Also Make Trial Balance
JAN 1 Jack commenced business with a capital USD 5000
Jan 2 Purchased Goods for USD 2000
Jan 3 Purchased Goods from Sun Enterprise for USD 1000
Jan 5 Purchased furniture for 800
Jan 7 Sold goods for 1300
Jan 9 Sold goods on credit to starbucks for 320
Jan 15 Paid salaries USD 320
Jan 17 Received commission USD 25
Jan 19 Returned goods to Sun enterprise for 200
Jan 20 Starbucks returned goods for 150
Jan 24 Received cash from Starbucks USD 500
Jan 27 Paid to Sun Enterprise USD 600
Jan 29 Jack withdrew from Business USD 300
Jan 31 Depreciation on furniture USD 80
Jan 31 Borrowed From SAMBA bank USD 500
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Corporate Financial Reporting In A Competitive Economy (RLE Accounting)
Authors: Herman W. Bevis
1st Edition
1138966819, 9781138966819
