Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Open the necessary ledger accounts and post the following transactions to them. All transactions took place in the bank account. Sept 1Martine started business as

Open the necessary ledger accounts and post the following transactions to them. All transactions took place in the bank account.

Sept 1Martine started business as a florist by paying N300 into a business Bank AccountSept 2Charline lent to the business N1000 Martine then had the following transactions:Sept 3Paid rent, N100Sept 4Purchased shop fittings, N400 Purchased flowers N300, paying by chequeSept 5Received refund of N20 for flowers returned to supplierSept 6Sold some flowers and received N40Sept 7Paid wages, N60Sept 8Withdrew N100 for personal use

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Financial Audit Manual Volume 3 June 2018

Authors: United States Government GAO

2018 Edition

979-8733166001

More Books

Students also viewed these Accounting questions