Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company sells database software and technology, cloud engineered systems, and enterprise software products. From the following transactions pass journal entries, prepare ledger accounts and also prepare a trial balance. 2011 Jan 1.Started business with cash $20,000, stock $24,000, and furniture & $8,000 2. opened bank account $2,500 3. Purchased goods from kent brothers $20,000 4. Withdraw for personal use in cash $2,000 from bank $1,000 and goods $400 5. Sold goods to Sam $30,000 6. Charges made by bank for their service $500 8. Cash deposited in the bank $2,000 and interest on deposit $500 allowed by the bank 9. Paid to Kent brothers $16,500 and goods returned to him worth $3,500 10. Received from Sam $25,000 and goods returned by him worth $5,000 11. Commission to salesman paid by cheque $3,500 12. A cheque of $4,500 received from Peter returned dishonored

Accounting ! -Assignment-Sec 1&2 - Spring 2020 Section 1 (12 Marks) (CLO 2) Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company sells database software and technology, cloud engineered systems, and enterprise software products. From the following transactions pass journal entries, prepare ledger accounts and also prepare a trial balance. 2011 Jan 1. Started business with cash $20,000, stock $24,000, and furniture & $8,000 2. opened bank account $2,500 3. Purchased goods from kent brothers $20,000 4. Withdraw for personal use in cash $2,000 from bank $1,000 and goods $400 5. Sold goods to Sam $30,000 6. Charges made by bank for their service $500 8. Cash deposited in the bank $2,000 and interest on deposit $500 allowed by the bank 9. Paid to Kent brothers $16,500 and goods returned to him worth $3,500 10. Received from Sam $25,000 and goods returned by him worth $5,000 11. Commission to salesman paid by cheque $3,500 12. A cheque of $4,500 received from Peter returned dishonored Date Particulars L.F Dr. Amount Cr. Amount Particulars JF Amount Date Particulars JF Amount Dale Particulars Date Particulars JF Amount Date Particulars J Amont Dute Particulars JF Amount Date Particulars JF Amount Date Particulars JF Ameant Accounting I Assignment-Sec 1&2 - Spring 2030 Date Particulars JF Amat Dale Particulars JF Amount