Enter the following transaction in the records and extract a trial balance for the month ended 31 January 2013. January 1: Started business with Kshs.6,000in the bank and 5,000 in cash January 2 Bought goods on credit from Ndung'u Kshs.2,700 January 3: Bought goods on credit form S. Muigai Kshs.750 January 5: Bought goods for cash Kshs.540 January 6: We returned goods to Ndung'u Kshs.120 January 8: Bought goods on credit from S. Muigai Kshs.570 January 10: Sold goods on credit to K. Mwaniki Kshs.1,170 January 12: Sold goods for cash Kshs.630 January 18: Took Kshs.900 of the cash and paid it to the bank January 21: Bought machinery by cheque Kshs.1,650 January 22: Sold goods on credit to M. Otieno Kshs.660 January 23: K. Mwaniki returned goods to us Kshs.420 January 25: M. Otieno returned goods to us Kshs.30 January 28: We returned goods to S. Muigai Kshs.90 January 29: We paid Ndung'u by cheque Kshs.2,580 January 31: Bought machinery on credit from Kinuthia Kshs.810 Required: Ledger accounts to record the above transaction. Trial balance at 31st January 2013
Enter the following transaction in the records and extract a
January 1: Started business with Kshs.6,000in the bank and 5,000 in cash
January 2 Bought goods on credit from Ndung'u Kshs.2,700
January 3: Bought goods on credit form S. Muigai Kshs.750
January 5: Bought goods for cash Kshs.540
January 6: We returned goods to Ndung'u Kshs.120
January 8: Bought goods on credit from S. Muigai Kshs.570
January 10: Sold goods on credit to K. Mwaniki Kshs.1,170
January 12: Sold goods for cash Kshs.630
January 18: Took Kshs.900 of the cash and paid it to the bank
January 21: Bought machinery by cheque Kshs.1,650
January 22: Sold goods on credit to M. Otieno Kshs.660
January 23: K. Mwaniki returned goods to us Kshs.420
January 25: M. Otieno returned goods to us Kshs.30
January 28: We returned goods to S. Muigai Kshs.90
January 29: We paid Ndung'u by cheque Kshs.2,580
January 31: Bought machinery on credit from Kinuthia Kshs.810
Required:
Ledger accounts to record the above transaction.
Trial balance at 31st January 2013
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