a) Enter the following transactions in the accounts and extract a trial balance as at 31 December 20X6. Dec 1 account. Dec 2 Dec 3 Dec 6 Dec 8 Dec 10 Dec 14 Dec 18 Dec 21 Dec 24 Started business with GHS5,000 cash and placed GHS2,000 of this straight into a bank Bought goods on credit from Francis for GHS560. Returned goods worth GHS140 to Francis Bought fixtures for GHS1,100, paying by cheque. Sold goods on credit for GHS40 to Nyamekye Sold goods for GHS104 cash. Paid office rent of GHS90 paying by cheque Withdrew GHS80 cash from the firm for owner's own use Paid advertising GHS76 paying in cash Nyamekye retuned goods worth GHS12.

a) Enter the following transactions in the accounts and extract a trial balance as at 31 December 20X6. Dec 1 account. Dec 2 Dec 3 Dec 6 Dec 8 Dec 10 Dec 14 Dec 18 Dec 21 Dec 24 Started business with GHS5,000 cash and placed GHS2,000 of this straight into a bank Bought goods on credit from Francis for GHS560. Returned goods worth GHS140 to Francis Bought fixtures for GHS1,100, paying by cheque. Sold goods on credit for GHS40 to Nyamekye Sold goods for GHS104 cash. Paid office rent of GHS90 paying by cheque Withdrew GHS80 cash from the firm for owner's own use Paid advertising GHS76 paying in cash Nyamekye retuned goods worth GHS12.

Name: a) Enter the following transactions in the accounts and extract a tri
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Description: a) Enter the following transactions in the accounts and extract a trial balance as at 31 December 20X6.Dec 1Started business with GHS5,000 cash and placed GHS2,000 of this straight into a bankaccount.Dec 2Dec 3Dec 6Bought goods on credit from Franci

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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