Question
Write up the relevant ledger accounts for the following transactions in the books of S Pink, balance them off and there after extract a trial
Write up the relevant ledger accounts for the following transactions in the books of S Pink, balance them off and there after extract a trial balance (5mks) 1.3.03 Started business with cash Sh.1, 000. 2.3.03 Bought goods on credit from Clarkson Sh.296. 3.3.03 Paid rent by cash Sh.28. 4.3.03 Paid Sh.1, 000 of the cash of the firm into a bank account. 5.3.03 Sold goods on credit to Simpson Sh.54. 7 .3.03 Bought stationery Sh.15 paying by cheque. 11.3.03 Cash sales directly banked Sh.49. 14.3.03 Goods returned by us to A Clarkson Sh.17. 20..3.03 Sold goods on credit to Lucky Sh.29. 21.3.03 Paid for repairs to the building by cash Sh.18. 23.3.03 Simpson returned goods to us Sh.14. 27.3.03. Paid Clarkson by cheque Sh.279. 28.3.03 Cash purchases Sh.125. 29.3.03. Bought a motor vehicle paying by cheque Sh.395. 30.3.03 Paid motor expenses in cash Sh.15. 30.3.03 Bought fixtures Sh.120 on credit from R west.
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