Question: Case no. 6. Using the information in Question No. 5, prepare the business transactions that gave rise to the postings in the ledgers. (5 marks)



Case no. 6. Using the information in Question No. 5, prepare the business transactions that gave rise to the postings in the ledgers. (5 marks) You were given the following ledgers of Shama food groups Muscat on December 31, 2019. Cash A/C Debit (Dr.) Credit (cr.) Date Particulars.F.Amount Date Particulars J.F.Amount 1/12 Capital 10,000 16/12 Wages 500 10/12 Sales 4000 15/12 Rent 600 17/12 Interest 18/12 A/c payable I 2500 20/12 Travelling 200 allowance 30/12 Salary 2500 750 Machinery Alc Debit (Dr.) Credit (cr.) Date Particulars J.F.Amount Date Particulars J.F. Amount 1/12 Capital 2000 Debit De CL Dec capital 10-Dec sales 05 Dec wages 15-Dec Rent 17 Decret 15 Dec Alpayable 20-Dec venga 30-Decay 3-Dec d Jand -Det machinery becue 01-land Date Credit 31-Dec od bid de Trance $ 5,950.00 Capital $12.000 Machinery A/C $ Date $2,000.00 31-Dec c/ d Date Debit 01 Des Capital Credit 5 s 2,000.00 01-Jan B/d 2000 Date Debit 18-Dec cash Accounts Payable A/C $ Date Credit $2.500.0004-C furniture s $2.500.00 Date Debit 31. Dec/d Sales Ale Date Credit $8,000.00 10 Dec cash 31 Dec A/s receiva oool 01 Jan s/d I $4,000.00 4000 Date Debt 20 Jan cash Tavelling Expenses A Date Credit 200.00 31-Dec old IS 01-lan b/d Date Debt 15-Dec CASH 600.00 Date Credit 31-Dec/d 01 Apr/d Wages Date Debits Date Credit 06-Dec CASH S 500.00 31-Dec cld S 01 Jan b/d SOC Unadjusted Trial Balance Sharma group on Dec, 2019 Debit $ Credits Cash $ 6,950.00 Capital $ 12,000.00 Machinery $ 2,000.00 Sales $ 8,000.00 Furniture $ 2,500.00 Interest $ 750.00 Travelling $ 200.00 $ 4,000.00 Rent $ 600.00 Salary $ 2,500.00 Wages $ 500.00 $ 20,000.00 $ 20,000.00
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
