Enter the following transactions in ledger accounts and extract a trial balance for the month ended 31st January 2006.
Enter the following transactions in ledger accounts and extract a
January 1: Started a business with Ksh. 6,000 in the bank and Ksh 5,000 in cash
January 2: Bought goods on credit from Ndung’u Ksh 2,700
January 3: Bought goods on credit from S. Mungai Ksh 750
January 5: Bought goods for cash ksh 540
January 6: We returned goods to Ndung’u ksh 120
January 8: Bought goods on credit from S. Mungai ksh 570
January 10: Sold goods on credit to K. Mwaniki ksh 1,170
January 12: Sold goods for cash ksh 630
January 18: Took ksh 900 of the cash and paid it to the bank
January 21: Bought machinery by cheque ksh 1,650
January 22: Sold goods on credit to M. Otieno ksh 660
January 23: K.Mwaniki returned goods to us ksh 420
January 25: M.Otieno returned goods to us ksh30
January 28: We returned goods to S.Mungai ksh 90
January 29: We paid Ndung’u by cheque Ksh2,580
January 31: Bought machinery on credit from Kinithia ksh 810
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