Record the following transactions for the month of November for M.S Suppliers. Balance off all the...

Transcribed Image Text:

Record the following transactions for the month of November for M.S Suppliers. Balance off all the accounts and extract a trial balance as at 30th November 2006 Year 2006 November 1 Started Started business with Sh.175000 in cash November 2 Put Put Sh140000 of the cash into the bank account November 3 Bought goods for cash worth Sh.7500 November 4 Bought Bought stationery on credit Sh.17000 from Nzomo November 5 Bought goods on credit from Isaac Sh 18000, Philips Sh.24500, Timothy Sh.5500 Mathew Sh17000 November 6 Paid rent by cheque Sh.2750 November 7 Sold goods on credit to Njeri Sh 4500, Onyango Sh7500 Muiru Sh 9500 Tinga Sh 8000 November 8 Bought Bought furniture from Irungu Suppliers on credit Sh 24000 November 12 Paid Paid salaries and wages Sh 6000 cash November 14 Returned goods to Timothy Sh 3000, Philip Sh 2000 November 15 bought Bought an old motor van by cheque Sh 35000 November 16 received Received loan from Henry by cheque Sh 30000 November 17 Goods returned to us by Njeri Sh1000 Sh1000 Muiru Sh 2000 November 18 Cash sales Sh 450 November 21 Sold goods on credit to Pauline Sh5750, Onyango Sh 50100 Tinga Sh 4500 November 24 We paid the following by cheque Philips Sh 2250 Timothy Sh2500 November 25 Received a cheque from Pauline Sh 5750, onyango Sh 12500 November 28 Received a further loan from Henry Sh 10000 cash November 30 Received Sh 25000 Received Sh 25000 from Tinga in cash. Record the following transactions for the month of November for M.S Suppliers. Balance off all the accounts and extract a trial balance as at 30th November 2006 Year 2006 November 1 Started Started business with Sh.175000 in cash November 2 Put Put Sh140000 of the cash into the bank account November 3 Bought goods for cash worth Sh.7500 November 4 Bought Bought stationery on credit Sh.17000 from Nzomo November 5 Bought goods on credit from Isaac Sh 18000, Philips Sh.24500, Timothy Sh.5500 Mathew Sh17000 November 6 Paid rent by cheque Sh.2750 November 7 Sold goods on credit to Njeri Sh 4500, Onyango Sh7500 Muiru Sh 9500 Tinga Sh 8000 November 8 Bought Bought furniture from Irungu Suppliers on credit Sh 24000 November 12 Paid Paid salaries and wages Sh 6000 cash November 14 Returned goods to Timothy Sh 3000, Philip Sh 2000 November 15 bought Bought an old motor van by cheque Sh 35000 November 16 received Received loan from Henry by cheque Sh 30000 November 17 Goods returned to us by Njeri Sh1000 Sh1000 Muiru Sh 2000 November 18 Cash sales Sh 450 November 21 Sold goods on credit to Pauline Sh5750, Onyango Sh 50100 Tinga Sh 4500 November 24 We paid the following by cheque Philips Sh 2250 Timothy Sh2500 November 25 Received a cheque from Pauline Sh 5750, onyango Sh 12500 November 28 Received a further loan from Henry Sh 10000 cash November 30 Received Sh 25000 Received Sh 25000 from Tinga in cash.

Answer rating: 100% (QA)

The detailed ... View the full answer