Individual Assignment QI Record the following transactions in Journal. Post them in Ledger and prepare Trial Balance: 2022 Jan, 1 Started business with cash SR 80000. Jan, 2 Bought Furniture for cash SR 5000. Jan 10 Purchased merchandise for cash SR 3000. Jan, 15 Purchased merchandise on account from Yasin SR 5000. Jan, 20 Sold merchandise for cash SR 6000. Jan, 25 Sold merchandise to Ali SR 2000. Jan, 28 Received cash from Ali SR 1500. Jan, 30 Paid cash to Yasin SR 4000. Jan, 31 Paid wages SR 1200.

Individual Assignment QI Record the following transactions in Journal. Post them in Ledger and prepare Trial Balance: 2022 Jan, 1 Started business with cash SR 80000. Jan, 2 Bought Furniture for cash SR 5000. Jan 10 Purchased merchandise for cash SR 3000. Jan, 15 Purchased merchandise on account from Yasin SR 5000. Jan, 20 Sold merchandise for cash SR 6000. Jan, 25 Sold merchandise to Ali SR 2000. Jan, 28 Received cash from Ali SR 1500. Jan, 30 Paid cash to Yasin SR 4000. Jan, 31 Paid wages SR 1200.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 13MC: Received a check for $72 from a customer, Mr. White. Mr. White owed you $124. Which journal would...

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Enter the following transaction in the ledger accounts and balance them October 2020: 1 Started in business with Ksh. 75,000 cash. 3 Bought goods for cash Ksh. 11,000. 7 Bought goods on credit Ksh. 32,000 from F Herd. 10 Sold goods for cash Ksh. 6,400. 14 Returned goods to F Herd Ksh. 4,600. 18 Bought goods on credit Ksh. 41,400 from D Exodus. 21 Returned goods to D Exodus Ksh. 3,100. 24 Sold goods to B Squire Ksh. 8,200 on credit. 25 Paid F Herd’s account by cash Ksh. 27,400. 31 B Squire paid us his account in cash Ksh. Ksh. 8,200.