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Royal Hair Services Sept. Started business with 12,000 cedis consisting 4,000 cash and 8,000 cheque 2 Bought a Container for 5,000 cedis and Furniture 800
Royal Hair Services Sept. Started business with 12,000 cedis consisting 4,000 cash and 8,000 cheque 2 Bought a Container for 5,000 cedis and Furniture 800 cedis paying cheque 3 Purchased 2 hair dryers at 350 cedis each paying with Cash 4 Bought 2 clippers at 100 cedi each paying with Cash 5 Purchases hair supplies by Cash for 2,000 cedis 6 Bought water on credit for 50 cedis 7 Rendered hair services for Cash 520 cedis 8 Rendered hair services for Cash 920 cedis 9 Rendered services on credit 100 cedis 10 Paid Wages for 200 cedis Cash Required: a. Journalize the above transactions b. Post them into their respective accounts balance off the accounts c. Extract the trial balance as at September 30, 2020. d. Prepare the statement of profit or loss account for the month ended September 30, 2020, 2020 and c. Statement of financial position as at that date
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