2. (Without GST) Enter the following transactions into a Simple Cash Book:2018May 1May 2May 4May 5- May 6May 7 Paid wagesMay 8May 10 Purchased machineryMay 15 Paid rentMay 18 Purchased goodsCash balance pePurchased goods for cashPaid travelling expenses12,0002,000200Paid salaries or1,000Goods sold for cash5,000200Purchased furniture1,0004,0005002,0003,000lay 25 Sold goods for cash to Kamal Kishorelay 31 Paid office expenses300

Introduction: Ledger Accounts: After preparing journals all the entries are posted in to the ledger…

2. (Without GST) Enter the following transactions into a Simple Cash Book: 2018 Cash balance re Purchased goods for cash May 4 Paid travelling expenses May 1 May 2 (R) 12,000 2,000 200 May 5 May 6 May 7 Paid wages fay 8 Purchased furniture oe fay 10 Purchased machinery Tay 15 Paid rent ay 18 Purchased goods ay 25 Sold goods for cash to Kamal Kishore y 31 Paid office expenses Paid salaries v 1,000 5,000 Goods sold for cash 200 1,000 4,000 500 2,000 3,000 300

2. (Without GST) Enter the following transactions into a Simple Cash Book: 2018 Cash balance re Purchased goods for cash May 4 Paid travelling expenses May 1 May 2 (R) 12,000 2,000 200 May 5 May 6 May 7 Paid wages fay 8 Purchased furniture oe fay 10 Purchased machinery Tay 15 Paid rent ay 18 Purchased goods ay 25 Sold goods for cash to Kamal Kishore y 31 Paid office expenses Paid salaries v 1,000 5,000 Goods sold for cash 200 1,000 4,000 500 2,000 3,000 300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I need help with starting the calculations for the following two questions.
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