Enter the following transactions in the records of TRUST GOD Enterprise, balance the various accounts and extract a trial balance for the month of June 2018. June 1 stated business with GH¢55,000 of the bank June 2 Bought goods on credit from Blessing GH¢1,200 June 3 Bought goods GH¢ 700 from John paying by cheque June 4 Return goods to Blessing GH¢500 June 7 Sold good for cash GH¢3,000 June 8 Bought furniture by cheque GH¢1,750 June 9 Banked cash GH¢1,500 June 12 Sold goods on credit to Deede GH¢480 June 14 Received loan GH¢2,300 from Andra June 15 Deede returned goods GH¢210 June 18 Paid rent GH¢750 by cash June 20 Received discount of GH¢60 by cash June 24 Withdrew GH¢ 800 from the bank for personal use June 30 Received electricity bill GH¢230 from E. C. G but not settle
Enter the following transactions in the records of TRUST GOD Enterprise, balance the various accounts and extract a trial balance for the month of June 2018. June 1 stated business with GH¢55,000 of the bank June 2 Bought goods on credit from Blessing GH¢1,200 June 3 Bought goods GH¢ 700 from John paying by cheque June 4 Return goods to Blessing GH¢500 June 7 Sold good for cash GH¢3,000 June 8 Bought furniture by cheque GH¢1,750 June 9 Banked cash GH¢1,500 June 12 Sold goods on credit to Deede GH¢480 June 14 Received loan GH¢2,300 from Andra June 15 Deede returned goods GH¢210 June 18 Paid rent GH¢750 by cash June 20 Received discount of GH¢60 by cash June 24 Withdrew GH¢ 800 from the bank for personal use June 30 Received electricity bill GH¢230 from E. C. G but not settle
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 3EA: Consider the following transaction: On March 6, Fun Cards sells 540 card decks with a sales price of...
Related questions
Topic Video
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning