Jan 2021 (1) Brought in cash of RO 17,000 to start up the business (2) Paid...
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Jan 2021 (1) Brought in cash of RO 17,000 to start up the business (2) Paid RO 8,000 in cash to Purchase equipment (5) Purchase of supplies on credit for RO 20000 and 10000 on cash from Famy trading (6) Sale of RO 20,000 on credit to Jamu trading and for cash RO 10000 (8) Paid RO 1800 liability to the Famy trading (10) Collection of accounts receivable RO 15,000 from Jamu trading (17) Paid rent of RO 500 for rent (19) Paid insurance of RO 200 (20) Withdraw of RO 1000 for personal use. You required to: a. Prepare Journal entries b. Post ledger accounts c. Trail balances Jan 2021 (1) Brought in cash of RO 17,000 to start up the business (2) Paid RO 8,000 in cash to Purchase equipment (5) Purchase of supplies on credit for RO 20000 and 10000 on cash from Famy trading (6) Sale of RO 20,000 on credit to Jamu trading and for cash RO 10000 (8) Paid RO 1800 liability to the Famy trading (10) Collection of accounts receivable RO 15,000 from Jamu trading (17) Paid rent of RO 500 for rent (19) Paid insurance of RO 200 (20) Withdraw of RO 1000 for personal use. You required to: a. Prepare Journal entries b. Post ledger accounts c. Trail balances
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Answer rating: 100% (QA)
Tan21 U 21 101 17 Journal entries DE cash Alc To capital Alc 17000 17... View the full answer
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date:
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