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questtion 1 Mr. Randa has the followingtransactions in the month of July. Record them into the journal and showpostings in the ledger and balance the

questtion 1

Mr. Randa has the followingtransactions in the month of July.

Record them into the journal and showpostings in the ledger and balance the accounts. Extract a trialbalance to show the accuracy of the ledger entries made.

July 1st

:

Randa started business with a capitalof N75,000

1st

:

Purchased goods from Manu on creditN25,000

2nd

:

Sold goods to Rousey N20,000

3rd

:

Purchased goods from PogbaN15,000

4th

:

Sold goods to Lingard for cashN16,000

5th

:

Goods retuned to Messi N2,000

6th

:

Bought furniture for N15,000

7th

:

Bought goods from Rowdy N12,000

8th

:

Cash paid to Manu N10,000

9th

:

Sold goods to Jane N13,500

10th

:

Goods returned from Rousey N3,000

11th

:

Cash received from Jane N5,500

12th

:

Goods taken by Randa for domestic useN3,000

13th

:

Returned Goods to Rowdy N1,000

14th

:

Cash received from Rousey N12,000

15th

:

Bought machinery for N18,000

16th

:

Sold part of the furniture forN1,000

17th

:

Cash paid for the purchase of bicyclefor Randa's son N1,500

19th

:

Cash sales N15,000

20th

:

Cash purchases N13,500

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