Question
The following transactions are in respect of credit purchases and credit sales as recorded by Issa Mambo, a sugar merchant, during the month of October
The following transactions are in respect of credit purchases and credit sales as recorded by Issa Mambo, a sugar merchant, during the month of October 2019:
October
2Bought 125 bags of sugar at shs.3,200 each from Miwa Sugar Ltd.
4Sold 80 bags of sugar at shs.5,300 each to Salim Brothers
5Bought old furniture at shs.7,000 from Mbao Carpenters on credit
9Returned 20 bags of sugar at their original cost to Miwa Sugar Ltd.
14Bought 30 bags of sugar at shs.3,000 each from Hamisi Sugar Ltd
15Sold a motor van for shs.250,000 to Ujuzi girls School on credit
18Sold 15 bags of sugar at shs. 5,000 each to Wote Enterprises
21Accepted back 25 bags of sugar from Salim Brothers at their original cost
23Bought 35 bags of sugar at shs. 3,100 each from Hamisi Sugar Ltd.
24Sold 20 empty bags at shs.350 each to Dafala Enterprises on credit
28Sold 100 bags of sugar at shs. 5,500 each to Wote Enterprises
Required:
The relevant ledger accounts to record the above transactions and extract trial balance
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