Record the following transactions for the month of January, balance off all the accounts and then extract a trial balance as at 31/12/2000: June 1 started busin
Anglais
bangismaiyayi
Question
Record the following transactions for the month of January, balance off all the accounts and then extract a trial balance as at 31/12/2000:
June 1 started business with #3500 cash
June 2 bought goods for cash #150
June 3 put #2800 of the cash into a bank account.
June 4 bought goods on credit from Lekan #360, Bolade #490, Ade #110, Sola #340
June 5 bought stationary on credit from Seyinde #170
June 6 sold goods on credit to; Wale #90, Banji #490, and sani #1600
June 8 cash sales #900
June 9 paid rent by cheque #55
June 10 paid salaries in cash #120
June 11 bought fixture on credit from Musa #480
June 12 returned goods to Bolade #90, Ade #50, Sola #40
June 15 bought motor van by cheque #700
June 16 received loan from Gayu by cheque #600
June 18 received #500 cash from Sani
June 20 we paid the following by cheque; Bolade #400, Ade #60
June 24 cash sale #90
June 25 banked cash #200
June 26 good returned to us; Wale #30, Banji #60
June 29 received cheque from; Wale #60, Banji #400
June 30 paid motor expenses in cash #10
REQUIRED;
1. preparation of the cash book.
2. Posting of items from cash book to the ledgers.
3. preparation of day books/ journal.
4. Preparation of other ledger.
June 1 started business with #3500 cash
June 2 bought goods for cash #150
June 3 put #2800 of the cash into a bank account.
June 4 bought goods on credit from Lekan #360, Bolade #490, Ade #110, Sola #340
June 5 bought stationary on credit from Seyinde #170
June 6 sold goods on credit to; Wale #90, Banji #490, and sani #1600
June 8 cash sales #900
June 9 paid rent by cheque #55
June 10 paid salaries in cash #120
June 11 bought fixture on credit from Musa #480
June 12 returned goods to Bolade #90, Ade #50, Sola #40
June 15 bought motor van by cheque #700
June 16 received loan from Gayu by cheque #600
June 18 received #500 cash from Sani
June 20 we paid the following by cheque; Bolade #400, Ade #60
June 24 cash sale #90
June 25 banked cash #200
June 26 good returned to us; Wale #30, Banji #60
June 29 received cheque from; Wale #60, Banji #400
June 30 paid motor expenses in cash #10
REQUIRED;
1. preparation of the cash book.
2. Posting of items from cash book to the ledgers.
3. preparation of day books/ journal.
4. Preparation of other ledger.