ask A motivated entrepreneur, Mrs. Amanda opened her beauty salon at the beginning of March 2020 under the trade name "Amanda Beauty Salon". Its specialty lies in the services of skin, hair and nail care, treatment and mandatory cleaning of the salon. Since Amanda lacks experience with bookkeeping and accounting requirements under IFRSs, she has requested your help with accounting for all transactions. the question : Examples of financial transactions i. Ms. Amanda’s investment of money in the business ii. Performance of services for cash and credit iii. Payment of expenses iv. Purchase of assets for cash and credit v. Collection of cash from debtor’s accounts vi. Payment of cash to creditor’s account From the financial transactions in c, prepare the pro-forma templates for the following: i. Journal entries ii. Ledger accounts iii. Trial balance
Task
A motivated entrepreneur, Mrs. Amanda opened her beauty salon at the beginning of March 2020 under the trade name "Amanda Beauty Salon". Its specialty lies in the services of skin, hair and nail care, treatment and mandatory cleaning of the salon. Since Amanda lacks experience with bookkeeping and accounting requirements under IFRSs, she has requested your help with accounting for all transactions.
the question :
Examples of financial transactions
i. Ms. Amanda’s investment of money in the business ii. Performance of services for cash and credit
iii. Payment of expenses
iv. Purchase of assets for cash and credit
v. Collection of cash from debtor’s accounts
vi. Payment of cash to creditor’s account
From the financial transactions in c, prepare the pro-forma templates for the following: i.
ii. Ledger accounts iii.
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