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The following transactions are in the records of R. Sosa for the month of January 2021. You are required to: a) b) NOTE: 2021 Prepare
The following transactions are in the records of R. Sosa for the month of January 2021. You are required to: a) b) NOTE: 2021 Prepare the T-Accounts and post each transaction in their respective ledgers (Sales, Purchases and General Ledger) in an Excel Workbook. Balance each account at the end of the month. This is INDIVIDUAL WORK. Any observations of cheating will result in a ZERO! Jan 1 Started business with $8,000 in the bank Transactions Jan 2 Bought goods on credit from the follownbg persons: K. Hamilton $76, M. Wade $27 and T. Jones $560 Jan 5 Cash Sales $870 Jan 6 Paid staff in cash $140 Jan 7 Sold goods on credit to: H. Eiley $35, L. Lopez $42, J. Casey $72 Jan 9 Bought goods for cash $46 Jan 10 Bought goods on credit from: M. Wade $57, T. Jones $98 Jan 12 Paid staff in cash $140 Jan 13 Sold goods on credit to: L. Lopez $32, J. Casey $23 Jan 15 Bought shop fixtures on credit from Benny's Home Center $500 Jan 17 Paid M. Wade by cheque $84 Jan 18 We returned goods to T. Jones $20 Jan 21 Paid Benny's Homes Center a cheque for $500 Jan 24 J. Casey paid us his account by cheque $95 Jan 27 We returned goods to K. Hamilton $24 Jan 30 J. Kole lent us $600 cash Jan 31 Bought a motor van paying by cheque $4,000
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