Naa Adjorkor started business as a paper plate and cup manufacturer on 1 January 2018, making up accounts to 31 December 2018. Electricity bills received were as follows. 2018 2019 2020 GHC GHC GHC 31 January 6,491.52 6,753.24 30 April 5,279.47 5,400.93 6,192.82 31 July 4,663.80 4,700.94 5,007.62 31 October 4,117.28 4,620.00 5,156.40 What should the electricity charge be for the year ended 31 December 2018, 2019 and 2020; show the necessary journal entries

Naa Adjorkor started business as a paper plate and cup manufacturer on 1 January 2018, making up accounts to 31 December 2018. Electricity bills received were as follows. 2018 2019 2020 GHC GHC GHC 31 January 6,491.52 6,753.24 30 April 5,279.47 5,400.93 6,192.82 31 July 4,663.80 4,700.94 5,007.62 31 October 4,117.28 4,620.00 5,156.40 What should the electricity charge be for the year ended 31 December 2018, 2019 and 2020; show the necessary journal entries

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 12MC: On January 1, Incredible Infants sold goods to Babies Inc. for $1,540, terms 30 days, and received...

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