Question
Write up the following transactions in the books of S Pink: 2003 March 1 Started business with cash Sh.1,000. 2 Bought goods on credit
Write up the following transactions in the books of S Pink:
2003
March 1 Started business with cash Sh.1,000.
" 2 Bought goods on credit from A Cliks Sh.296.
" 3 Paid rent by cash Sh.28.
" 4 Paid Sh.1,000 of the cash of the firm into a bank account.
" 5 Sold goods on credit to J Simpson Sh.54.
" 7 Bought stationery Sh.15 paying by cheque.
" 11 Cash sales Sh.49.
" 14 Goods returned by us to A Cliks Sh.17.
" 17 Sold goods on credit to P Lutz Sh.29.
" 20 Paid for repairs to the building by cash Sh.18.
" 22 J Simpson returned goods to us Sh.14.
" 27 Paid A Cliks by cheque Sh.279.
" 28 Cash purchases Sh.125.
" 29 Bought a motor vehicle paying by cheque Sh.395.
" 30 Paid motor expenses in cash Sh.15.
" 31 Bought fixtures Sh.120 on credit from R west.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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