The following transactions were obtained from the business documents of Shappi Traders for May 2021. May 1:
Question:
The following transactions were obtained from the business documents of Shappi Traders for May 2021.
May 1: Bought a vehicle on credit from Dawid's Garage for N$50 395.
May 3: A debt of N$810 owing from Pius Knight was written off as a bad debt.
May 8: Office furniture bought by us for N$6 100 was returned to the supplier Tamwa's Ltd, as it was unsuitable.
May 12: R-Twig bought equipment for N$5 600.
May 14: Took goods costing N$220 out of the business inventory for private use.
May 28: Insurance paid by cheque includes N$ 550 and N$ 100 for the business and for the owner's residential house respectively.
May 28: Bought fixture and fittings for N$3 500 from Space-time Ltd.
You are required to:
Record the transactions in the General Ledger of Shappi Traders for May 2021.
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille