Question
The following transactions were completed during the month of October of the current year. 1. Paid Ksh.19,000 for repairs to surveying equipment. 2. Oct 25
The following transactions were completed during the month of October of the current year.
1. Paid Ksh.19,000 for repairs to surveying equipment.
2. Oct 25 Madi Annu withdrew Ksh.35,000 from the business for personal use.
3. Paid Kas.6,500 towards the account payable that arose on Oct 22.
4. On 1st October 2021, Madi Annu began a business as a surveyor by investing cash: Ksh 1,800,000; office equipment, Ksh. 280,000 and surveying equipment, Ksh.1,920,000.
Required:
Using the following account titles, initial, record the above transaction in a general jounal.
Cash; Accounts Receivable; Prepaid Insurance; Office Equipment; Surveying Equipment; Building; Land ; Accounts Mortgage Payable; Madi Anni, Capital; Madi Annu withdrawals; Surveying Fees Earned; Wages Expense; Machinery Rental Expense; Permits Expense, Surveying Equipment.
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