Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Write down the transactions relating to the ledger postings above Journalize the entries Using an email format, advise the owner of the business drawing on
- Write down the transactions relating to the ledger postings above
- Journalize the entries
- Using an email format, advise the owner of the business drawing on evidence from the balances in the T accounts.
- What would the balance be on the Bank T-Account as at9th January 2022. Show workings.
Below is the Ledger of Timothy Kingfisher for January 2022 DR Capital CR Closing balance / c/d 30,000 5/1/2022 Bank 30,000 Total 30,000 Total 30,000 30,000 Opening Bal / b/d DR Bank CR apital Closing Bal / c/d 5/1/2022 30,000 6/1/2022 Purchases 20,000 1,000 8/1/2022 Computer Office equipment 3,000 10/1/2022 12,000 Total 30,000 Total 30,000 Opening Bal / b/d 3,000 DR 6/1/2022 Purchases CR Bank 20,000 Closing Bal / c/d 20,000 20,000 20,000 Total Total 20,000 Opening Bal / b/d
Step by Step Solution
There are 3 Steps involved in it
Step: 1
1 The transactions relating to the ledger postings above for T...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started