Question
Prepare journal entries to record each of the following transactions for Venus company dealing with beauty products during the month of July 2018. (10 Marks)
Prepare journal entries to record each of the following transactions for Venus company dealing with beauty products during the month of July 2018. (10 Marks)
July 2 The owner invested ksh.150,000 cash in the business bank account
July 5 Purchased delivery van on credit, Khs 120,000
July 10 Sold to a customer on cash worth Khs 180,000
July 15 Purchased credit goods at a cost of Khs 100,000
July 18 Paid by cheque for the delivery van Khs 120,000
July 25 Paid utilities for the month Khs, 12,000
July 28 Supplied goods to a customer on credit Khs 75,000
July 30 Purchased by cash office computers Khs 10,000
July 31 Paid salaries by cheque Khs 25,000
July 31 Received cash of Khs 20,000 from a customer who bought goods on credit
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