Prepare ledger accounts Prepare trial balance using the information below: 1.Started business with capital in Cash of
Question:
Prepare trial balance using the information below:
1.Started business with capital in Cash of kshs 80,000 and kshs 20,000 in bank.
2. Bought goods on credit from the following persons; J. Ward kshs 6,100; P. Greene kshs 2,140; M. Taylor kshs 1,740; S. kuti kshs 3,450 and P. Tone kshs 5,420.
4. Sold goods on credit to: J. Sharpe kshs 3,400; G. Kirui kshs 7,200; F. Mutua Kshs 11,520.
6. Paid rent by cash Kshs 1800.
9. J. Sharpe paid his account by cheque kshs 3,400.
10. F. mutual paid him 10,000 by cheque
12. He paid the following by cheque: M Taylor Ksh 1740: J. Ward ksh 6,100
15. Paid carriage by cash ksh 380
18.Bought goods on credit from P. Greene ksh 2,910; S. Kuti Ksh 9,400
21.Sold goods on credit to G. Kirui ksh 8,100
31. Paid rent by cheque ksh 2,300
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman