Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paste Font Paragraph Styles Dictate Sen: MOCK TEST 1 Jan 2021 Answer ALL question. QUESTION (a) Kiki had the following trial balance on 1 January

image text in transcribed

Paste Font Paragraph Styles Dictate Sen: MOCK TEST 1 Jan 2021 Answer ALL question. QUESTION (a) Kiki had the following trial balance on 1 January 2021 Trial balance for Kiki as at 1 January 2021 Debit $ 1.630 Credit s 880 Fixtures and fittings Other payables - Brown Motor vehicles Bank Cash Loan - Earls Capital 1,600 500 150 2.000 1,000 3,880 3,880 During January Kiki had the following transactions: Jan 1 Jan 2 Jan 8 Jan 9 Jan 10 Jan 12 Jan 13 Jan 15 Jan 20 Paid $200 to the loan account by cheque Paid Brown $280 by cheque Introduced cash of $150 and a cheque for $5,000 Purchased shelving for the office $250 by cheque Paid a further $100 of the loan account by cash Transferred $100 cash to the bank Bought a second vehicle from Brown for $5,000, on credit. Extended the loan by $2,000 - received by cheque Paid $2,500 to Brown by cheque Required: Write up only Bank and Cash accounts for the month of January 2021 for Kiki based on the above information 1 MOCK TEST 1 Jan 2021 Focus E E 76 W o N

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

Market Contact Audit

Authors: Gerardus Blokdyk

2nd Edition

0655179771, 978-0655179771

More Books

Students also viewed these Accounting questions

Question

Conduct an effective performance feedback session. page 360

Answered: 1 week ago