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The data below is from Priscilla Business for the month of March 2022. March 1 Started Business with Cash of GHC 277,500. March 2
The data below is from Priscilla Business for the month of March 2022. March 1 Started Business with Cash of GHC 277,500. March 2 Bought goods on credit from Elvis Duah GHC 339,660 March 4 Sold goods on credit to Charles Badu GHC 311,910. March 6 Paid Rent by cash GHC 3,320. March 9 March 10 March 12 March 15 March 16 March 21 Charles Badu paid his account by cheque GHC 166,500. Charles Badu paid us by GHC 47,730 We paid Elvis Duah by Cheque GHC 87,690. Paid for Utilities by cash GHC 25,530. Bought goods on credit to Charles Badu GHC 74,370. Sold goods on credit to Charles Badu GHC 169,830. March 30 Paid Wage & Salaries for the month by Chqeue GHC 19,980 March 30 Paid for Office Furniture by cheque GHC 10,000 Required: Post in the books of account, balance off the account, extract a trial balance and prepare financial statements (Income statement and Statement of Financial Position) as at 31st March, 2022.
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