Sea Co. has the following transactions in the month of April 2021: 10th April : Commenced business
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Question:
Sea Co. has the following transactions in the month of April 2021:
10th April
:
Commenced business with a capital of 100,000.
14th April
:
Purchased Goods for cash 15,000.
16th April
:
Bought Goods on credit 12,000.
21st April
:
Sold goods on credit 17,000.
22th April
:
Bought Land for 50,000.
24th April
:
Purchased machinery for cash 45,000.
25th April
:
Paid 2,000 for goods purchased.
26th April
:
Use a cash for personal use 2,000.
27th April
:
Received 3,000 from the customer.
28th April
:
Purchased Goods for cash 5,000.
Write (1) Journal Entries, (2) ledgers and (3) Trial balance for the transactions
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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