Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are required to pass journal entries, prepare ledger accounts and also prepare a trial balance for the given problem. Please can you do it

You are required to pass journal entries, prepare ledger accounts and also prepare a trial balance for the given problem.

image text in transcribed

image text in transcribed

Please can you do it on a schedule

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company sells database software and technology, cloud engineered systems, and enterprise software products. From the following transactions pass journal entries, prepare ledger accounts and also prepare a trial balance. 2011 Jan 1. Started business with cash $20,000, stock $24,000, and furniture & $8,000 2. opened bank account $2,500 3. Purchased goods from kent brothers $20,000 4. Withdraw for personal use in cash $2,000 from bank $1,000 and goods $400 5. Sold goods to Sam $30,000 6. Charges made by bank for their service $500 8. Cash deposited in the bank $2,000 and interest on deposit $500 allowed by the bank 9. Paid to Kent brothers $16,500 and goods returned to him worth $3,500 10. Received from Sam $25,000 and goods returned by him worth $5,000 11. Commission to salesman paid by cheque $3,500 12. A cheque of $4,500 received from Peter returned dishonored Date Particulars L.F Dr. Amount Cr. Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount Date Particulars JF Amount

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Security Audit Guidebook NIST SP 800-171

Authors: Mark A Russo CISSP-ISSAP CISO

1st Edition

1726674908, 978-1726674904

More Books

Students also viewed these Accounting questions