Question 2

Complete the T-accounts from the following details for the month of July 2015 and extract trial balance as per 31 July 2016

2016

July 1 Started firm with capital in cash of N$ 25 000

2 Bought goods on credit from following persons: J Kaputu N$5400, D Goraseb N$8700, F Muayambuatji N$2500, Noabeb N$7600; T Haindongo N$6400

4 Sold goods on credit to; C Baily N$4300; B Hughes N$6200; H Spencer N$17600

6 Paid rent by cash N$1200

9 Baily paid us his account by cheque N$4300

10 H Spencer paid us N$15000 by cheque

12 We paid the following by cheque; F Muayambuatji N$2500; J Kaputu N$5400

15 Paid carriage by cash N$ 2300

18 Bought goods on credit from D Goraseb N$ 4300; Noabeb N$11000

21 Sold goods on credit to B Hughes N$6700

31 Paid rent by cheque N$1800