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Matthew setup a new business and in the first nine days of trading the following transactions occurred 1st January... Matthew introduces $15,000 capital in business
Matthew setup a new business and in the first nine days of trading the following transactions occurred 1st January... Matthew introduces $15,000 capital in business via cash 2nd January.... Matthew buys supplies (purchases) worth $1200 via cash 3rd January..... Matthew buys a car for business $2,000 and pays by cash 4th January..... Matthew buys $1,000 of purchases on credit from suppliers 5th January..... Matthew sells goods for $1,500 for cash. 6th January.... Matthew sells all his remaining goods for S3500 on credit. 7th January.... Matthew pays $500 to his supplier by cash. 8th January..... Matthew has not yet paid rent of $800. 9th January..... Matthew draws $2000 for living expenses. Required Write journal entries & complete relevant ledger accounts & extract a trial balance Prepare income statement for the first nine days and balance sheet as at 9th January
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