RECORDING OF EXPENSES AND INCOMES

RECORDING OF EXPENSES AND INCOMES Effectu on Ex enses Incomes Accounts to be u dated ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. xiii. xiv. w. xvi. xvii. viii. xix. Transaction Paid rent worth ksh. 150,000, cash Paid Salaries and wages amountin to sh. 890,000, cash Electric bill worth 450,000 was aid via che ue Motor vehicles were repaired at a cost of sh. 89,000 Sold goods worth 1,199,000 Bought office supplies (pens, books, files, staples, ink) for sh.50,000 cash Received a discount of sh. 45,000 from the creditors. Gave a discount to one of the debtors amounting to sh. 40,000 Repainted the office at a cost of sh.59, 000 aid via ch ue Paid legal and audit fees amounting to sh.450,000 in cash. Received interest income of sh.451,000 directly credited to the bank. Paid interest on an outstanding loan amountin to sh. 56,000 Paid to Kenya Revenue Authority tax worth 232,000 via wire-transfer. Sold goods worth sh. 47,0000 cash Made credit sales to Aurora worth sh. 89 0000 Assets Debit Credit