Question 4 Maya started a business of 1 September and during the first month, the following...

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Question 4 Maya started a business of 1 September and during the first month, the following transactions occurred. 2 September Pays S15,000 cash into a business bank account 4 September Purchases goods on credit from Gloria for $2,000 6 September Purchases goods from Scarlett on credit for $3,000 7 September Pays wages in cash S60 10 September Pays rent by cheque S80 12 September Sells goods for cash $210 16 September Buys furniture for $1,500 paying by cheque 19 September Sells goods on eredit to Peter for $580 22 September Buys goods for cash $3,900 24 September Buys fittings for cash $600 24 September Pays carriage outwards costs by cheque $25 25 September Pays wages by cash S110 25 September Sells goods for cash $430 24 September Buys fittings for cash S600 27 September Receives part payment from Peter of $330 by cheque 27 September Pays carriage inwards costs by cheque $20 28 September Pays advertising by cheque $25 28 September Sells goods for cash $890 29 September Sells goods on credit to Miranda for $8,090 30 September Withdraws $100 cash for his personal use Required: Prepare ledger account entries to record the transactions in the appropriate ledgers. Prepare trial balance Question 4 Maya started a business of 1 September and during the first month, the following transactions occurred. 2 September Pays S15,000 cash into a business bank account 4 September Purchases goods on credit from Gloria for $2,000 6 September Purchases goods from Scarlett on credit for $3,000 7 September Pays wages in cash S60 10 September Pays rent by cheque S80 12 September Sells goods for cash $210 16 September Buys furniture for $1,500 paying by cheque 19 September Sells goods on eredit to Peter for $580 22 September Buys goods for cash $3,900 24 September Buys fittings for cash $600 24 September Pays carriage outwards costs by cheque $25 25 September Pays wages by cash S110 25 September Sells goods for cash $430 24 September Buys fittings for cash S600 27 September Receives part payment from Peter of $330 by cheque 27 September Pays carriage inwards costs by cheque $20 28 September Pays advertising by cheque $25 28 September Sells goods for cash $890 29 September Sells goods on credit to Miranda for $8,090 30 September Withdraws $100 cash for his personal use Required: Prepare ledger account entries to record the transactions in the appropriate ledgers. Prepare trial balance

Answer rating: 100% (QA)

Capetal ale R Cash 15000 15000 bal cld I5000 15000 klag... View the full answer