On September 1,2019 Abu established Laptop shop , abu completed following transaction during the month of September:
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Question:
On September 1,2019 Abu established Laptop shop , abu completed following transaction during the month of September:
1.Opened a business bank account with a deposit of 30,000 from personal funds.
2.Purchased supplies (pens, file folders, papers, etc.) on account, 2,650.
3.Paid creditor on account, 1,500.
4.Earned sales commissions, receiving cash, 36,750.
5.Paid rent on office and equipment for the month, 5,200.
6.Withdrew cash for personal use, 8,000.
7.Paid office salaries, 9,250.
questions.
- prepare journal entries
- complete ledger
- trial balance
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