Record journal entries, ledger accounts, trial balance for the new period. Trail balance and journal entries for
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Record journal entries, ledger accounts, trial balance for the new period. Trail balance and journal entries for the previous month are included.
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After recording the transactions for the month of Jan 2019, you are required to brought forward all the ledger balances and I show the opening balances in the trial balance. During the month of Feb 2019, following financial transactions took place: 01 Feb 2019 - Paid all the Accrued Liabilities for the previous month by cheque 02 Feb 2019 - Sold goods to BZD Ltd. The list price of the goods is £3,000 and a trade discount of 2% were allowed. The amount recived via Online Bank Transf 04 Feb 2019 - Purchased Office supplies on credit from Fine Store. 1 2 08 Feb 2019-Paid £500 for Office Cleaning and Janitorial Services. 10 Feb 2019-Paid Index furniture the remaining balance. 11 Feb 2019-Paid Fulton Ltd. in full and recived a discount of 1% on full payment on the outstanding amount. 12 Feb 2019-Purchased inventory costing £5,000 from Brex Ltd. on credit 15 Feb 2019-Paid C500 for the fuel and repair and maintenance of the delivery van. 18 Feb 2019-Paid Fine Store in full 25 Feb 2019-Paid monthly installment of the delivery van 28 Feb 2019-Accrued Office Rent £1,000 28 Feb 2019-Accrued utilities for £1,000. 28 Feb 2019-Accrued Salaries & Wages for the month. You are required to: 1. Record journal entries to approriate chart of accounts 2. Prepare Ledger accounts 4. Prepare trial balance as at 28 Feb 2019 After recording the transactions for the month of Jan 2019, you are required to brought forward all the ledger balances and I show the opening balances in the trial balance. During the month of Feb 2019, following financial transactions took place: 01 Feb 2019 - Paid all the Accrued Liabilities for the previous month by cheque 02 Feb 2019 - Sold goods to BZD Ltd. The list price of the goods is £3,000 and a trade discount of 2% were allowed. The amount recived via Online Bank Transf 04 Feb 2019 - Purchased Office supplies on credit from Fine Store. 1 2 08 Feb 2019-Paid £500 for Office Cleaning and Janitorial Services. 10 Feb 2019-Paid Index furniture the remaining balance. 11 Feb 2019-Paid Fulton Ltd. in full and recived a discount of 1% on full payment on the outstanding amount. 12 Feb 2019-Purchased inventory costing £5,000 from Brex Ltd. on credit 15 Feb 2019-Paid C500 for the fuel and repair and maintenance of the delivery van. 18 Feb 2019-Paid Fine Store in full 25 Feb 2019-Paid monthly installment of the delivery van 28 Feb 2019-Accrued Office Rent £1,000 28 Feb 2019-Accrued utilities for £1,000. 28 Feb 2019-Accrued Salaries & Wages for the month. You are required to: 1. Record journal entries to approriate chart of accounts 2. Prepare Ledger accounts 4. Prepare trial balance as at 28 Feb 2019
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Posted Date:
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