Question
Use the double entry principles to enter the transactions below in ledger accounts and prepare the Trial balance from the ledger. (20 marks) a) The
Use the double entry principles to enter the transactions below in ledger accounts and prepare the Trial balance from the ledger. (20 marks) a) The owner transferred N$180 000 into the business bank account as hid capital. b) Sold goods for cash N$12 300 c) Paid cash for stationery N$300 d) The owner took N$5 200 cash for his personal use. e) Bought equipment and paid by debit card, N$3 400 f) Deposited N$2 400 into the bank account g)Withdrew N$ 1800 from the bank account for business use. h) Withdrew N$ 500 from the business bank account for cash float. i) Received N$4000 by cheque for rent. j) Sold goods for N$5000 and paid by cheque
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