Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please use an excel or microsoft word to answer trial balance only 1- 2- 3- 5. 6- Illustration: JD Udeme JD Udeme began business on
trial balance only
1- 2- 3- 5. 6- Illustration: JD Udeme JD Udeme began business on 1 July 2010 with capital of N100,000 consisting of N80,000 cash at bank and $20,000 cash in hand. Transactions during the month of July 2010 were as follows: Jul Bought stationeries paid by cheque of 1,000 Jul Bought goods on credit from Okoro 9,000; Jumai N11,200. Jul Sold goods on the credit to Ahmed 3000. Tega N9,000 4. Jul Bought goods paid by cash N3,000 Jul Returns goods to Okoro N4,200 Jul Paid wages in cash N4,000 8. Jul Sold goods on credit to Peter N11,000 Jul Bought goods on credit from Soro $20,000. Okoro N7,000 Jul Returned goods to Soro 13.500 Jul Withdraw N11,000 from the bank for office use Jul Paid wages in cash 4,000 Jul Sold goods on credit to Ahmed 9,000, Tega N7,000 Jul Ahmed returned good of N3,000 Jul Paid Okoro amount due to him by cheque after 10% cash discount 24- Jul Ahmed paid the amount due by cheque after 5% cash discount Jul Cash sales paid directly into the bank N12,000 27. Jul Tega returns goods of N2,000 30- Jul The Proprietors personal drawings in cash is N4,000 You are required to enter up the appropriate books, close the books at the end of the month and write up the trial balance. 9- 10- 11- 11- 14- 15. 16- 26 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started