Question
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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