Question
Sea Co. has the following transactions in the month of April 2021: 10th April : Commenced business with a capital of 100,000. 14th April :
Sea Co. has the following transactions in the month of April 2021:
10th April
:
Commenced business with a capital of 100,000.
14th April
:
Purchased Goods for cash 15,000.
16th April
:
Bought Goods on credit 12,000.
21st April
:
Sold goods on credit 17,000.
22th April
:
Bought Land for 50,000.
24th April
:
Purchased machinery for cash 45,000.
25th April
:
Paid 2,000 for goods purchased.
26th April
:
Use a cash for personal use 2,000.
27th April
:
Received 3,000 from the customer.
28th April
:
Purchased Goods for cash 5,000.
Write (1) Journal Entries, (2) ledgers and (3) Trial balance for the transactions
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DATE PARTICULARS LF DEBIT CREDIT 14 042021 CASH AC DR TO CAPITAL AC 100000 100000 16042021 PURCHASE AC DR TO CASH 15000 15000 21042021 PURCHASE AC DR ...Get Instant Access to Expert-Tailored Solutions
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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