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MNOPQR Trendline Limited 11 Jan 2017 - The Company started started its business by issuing 10,000 share for each. The share money received were deposited

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MNOPQR Trendline Limited 11 Jan 2017 - The Company started started its business by issuing 10,000 share for each. The share money received were deposited into the bank account 2 Jan 2017 - The Company Nired a staff with the following salary pakage :Accountant: 1500/- a month, Operatonal Staff 5000/- a month (5 persons, 1,000 each), Helping Staff 2000/- a month (4(ensons, E500, each person 4 Jan 2017 - The company purchased Inventory for $10,000 paying 5,000 in cash and and remaing 65,000 on credit from Fulton itd. 8 Jan 2017 - The Company purchased Office Equipments for 15,000/-on credit from Index Furniture 10 Jan 2017 - The Company purchased Computers for its employees costing 65000 and paid through cheque. 11 Jan 2017 - The Company Leaased a delivery van from the bank, the market value of the car is 20,000 and company paid 20% down payment Monthly intallments are 1,000 a month to be paid at the end of the month, 5% interest is included in the installment payment 12 Jan 2017 - The company received its first order from the client BZD Ltd. for 2,500, goods delivered to the client and received a cheque and banked it. The company sells its goods at a profit margin of 40% 15 Jan 2017 - The Company paid 500 for the fuel and repair and maintenance of the delivery van 18 Jan 2017 - The Company received another oder for 1500 from Zayab Ltd, Goods delivered and cheque received and banked. 25 Jan 2017 - Cheque paid to Index Furniture for 10,000 31 Jan 2017 - Accrued Office Rent 61,000 31 Jan 2017 - Paid monthly installment of the delivery van. 31 Jan 2017 - Accrued utlities for the month of Jan for 1,000 31 Jan 2017 - Accrued Salaries & Wages for the month. You are required to: 1. Record journal entries to appropiate chart of accounts 2. Prepare trial balance as at 31 Jan 2017 Transaction Page Ro g er Trance

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