Question
question 1.The following transaction were extracted from the bocks of a Var shop, during the month of June 2022 June 2022 Cash and Bank balances
question 1.The following transaction were extracted from the bocks of a Var shop, during the month of June 2022 June 2022 Cash and Bank balances were 1,700,000 and 300,000 CFA Respectively He purchased goods for 500,000 CF AF 3. He bought fittings for 300,000 CFA He sold goods for 500,000 CFA 5. Purchased goods from Akum 400,000 CFA Sold goods to Tom 550,000 CFA 7. Banked cash 200,000 CFA %. He bought Motor Van from King worth 700,000 CFA 9. Tom paid his account and was given a discount oF 50.000 CrAE 10. He paid King on account and given a discount of 25,000 CHAf 11. He purchased goods from Ref worth 500,000 CA and discovered that goods worth 25,000 CFA Were bad and he returned them 12. Sold goods to Kum wah 700.000 CAFE and goods worth 75.000 CF Af were returned 13. Paid wages to starT 100,000 CFA 14. Paid rent 50, 000 CFA And bought stationery for 75.000 CV' AE 15. Bought Land worth 300.000 CFA 16. Bought goods from Akum worth 300,000 CFAE Required: i. Prepare the necessary books of original entries (10 marks) it. Post to the Ledger Accounts. (5 marks) iii. Prepare the Trial Balance (2 marks) iv. Prepare the Balance Sheet (3 marks) v. Prepare the necessary control accounts for this business. (10 marks).
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