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QUESTION Text Smart Waste ( T S W ) i s a new waste management company situated i n Lavistown, i n the Cape Flats
QUESTION
Text Smart Waste a new waste management company situated Lavistown, the Cape Flats Cape Town, incorporated Shannon Sharpe. Currently, manages waste for small, medium, and large Supermarkets around Cape Town and the Eastern Cape.
The following transactions occurred during March :
March
Shannon invested his longtime savings into the business, contributed and a Bakkie transport the waste a value with a useful life five years.
Rented Office space Philippi Village, which the Headquarters Four months rent was paid
The assets were insured a prominent insurer, ABC Insurance, and paid for March.
March
Purchased waste management supplies credit,
March
Shannon had several meetings with supermarkets the Philippi and Delf areas. Shannin managed sign a contract waste management for the Goal Supermarket Delft. did waste management for the March month and earned a cash income
collects recyclables from the Waste Management site and sells them Wykco Recycling Parrow Industrial. earned from the recyclables they sold and will only receive the money the end April.
March
Purchased fuel for the vehicle,
Distributed cash worth Luntu.
Purchased additional waste management supplies credit,
March
Paid salaries employees for March,
Paid the March Telephone account,
Prepaid insurance for the next two months,
Waste Management supplies used for March amounted
: Ignore the effects depreciation.
You are required :
Record the above transaction the accounting records using the General Journal for the month March Marks
Record the above transaction the accounting records using the General Ledger for the month March Marks
Prepare a PreAdjustments Trial balance March Marks
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