Answered step by step
Verified Expert Solution
Question
1 Approved Answer
record the above transactions in the relevant ledger accounts and balance them b) extract a trial balance following transaction relate to Samuel Mokas business June
record the above transactions in the relevant ledger accounts and balance them b) extract a trial balance
following transaction relate to Samuel Mokas business June 1 Started business with Sh. 540.000 in the bank. 2nd Withdrew from bank Sh.100,000 for business use. 7th Bought furniture by cheque Sh. 40,000. 9th Bought goods in cash Sh. 35,000. 10th Bought goods on credit from Timau Traders Sh. 80,000. 14th Sold goods on credit to Mali Ngumu Sh. 60,000. 18th Sold goods worth Sh. 15, 000 in cash. 22nd Deposited Sh. 10,000 in bank. 25th Samwel withdrew Sh.3,000 from bank for personal 31st Paid rent Sh.8, 000 by chequeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started