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Question 4: Mrs. arsalan started business with 60,000 Bought furniture from Modern Furniture for 10,000 Purchased goods for cash 15,000 Purchased goods from B. Sen & Co for 30,000 Opened a bank account by depositing 16,000 Nov 10th 11th 12th 13th 14th 16th 17th 18th Sold goods for cash 15,000 Purchased stationery for 1000 from Stationery Mart Sold goods to Zahir Khan for 10,000 Bought machinery for 6,000 and payment made by cheque. Goods returned by Zahir Khan for 2,000 Payment to B.Sen & Co by cheque 5,000 Withdrew from bank for personal use 3,000 Interest paid through cheque 2,000 Withdrew from bank for office expenses 10,000 Cheque received from Zahir Khan 5,000 Paid electricity bill for 100 Cash sales for 6,000 Commission received by cheque 5,000 19th 20th 21st 22nd 23rd 24th 26th 27th 29th 30th Requirements: 1. Prepare journal entries 2. Post to ledger accounts 3. Make trial balance

Question 4: Mrs. arsalan started business with 60,000 Bought furniture from Modern Furniture for 10,000 Purchased goods for cash 15,000 Purchased goods from B. Sen & Co for 30,000 Opened a bank account by depositing 16,000 Nov 10th 11th 12th 13th 14th 16th 17th 18th Sold goods for cash 15,000 Purchased stationery for 1000 from Stationery Mart Sold goods to Zahir Khan for 10,000 Bought machinery for 6,000 and payment made by cheque. Goods returned by Zahir Khan for 2,000 Payment to B.Sen & Co by cheque 5,000 Withdrew from bank for personal use 3,000 Interest paid through cheque 2,000 Withdrew from bank for office expenses 10,000 Cheque received from Zahir Khan 5,000 Paid electricity bill for 100 Cash sales for 6,000 Commission received by cheque 5,000 19th 20th 21st 22nd 23rd 24th 26th 27th 29th 30th Requirements: 1. Prepare journal entries 2. Post to ledger accounts 3. Make trial balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 4: Nov 10th 11th 12th 13th 14th Mrs. arsalan started business with 60,000 Bought furniture from Modern Furniture for 10,000 Purchased goods for cash 15,000 Purchased goods from B. Sen & Co for 30,000 Opened a bank account by depositing 16,000 Sold goods for cash 15,000 Purchased stationery for 1000 from Stationery Mart Sold goods to Zahir Khan for 10,000 Bought machinery for 6,000 and payment made by cheque. Goods returned by Zahir Khan for 2,000 Payment to B.Sen & Co by cheque 5,000 Withdrew from bank for personal use 3,000 Interest paid through cheque 2,000 Withdrew from bank for office expenses 10,000 Cheque received from Zahir Khan 5,000 Paid electricity bill for 100 Cash sales for 6,000 Commission received by cheque, 5,000 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 26th 27th 29th 30th Requirements: 1. Prepare journal entries 2. Post to ledger accounts 3. Make trial balance
Transcribed Image Text:Question 4: Nov 10th 11th 12th 13th 14th Mrs. arsalan started business with 60,000 Bought furniture from Modern Furniture for 10,000 Purchased goods for cash 15,000 Purchased goods from B. Sen & Co for 30,000 Opened a bank account by depositing 16,000 Sold goods for cash 15,000 Purchased stationery for 1000 from Stationery Mart Sold goods to Zahir Khan for 10,000 Bought machinery for 6,000 and payment made by cheque. Goods returned by Zahir Khan for 2,000 Payment to B.Sen & Co by cheque 5,000 Withdrew from bank for personal use 3,000 Interest paid through cheque 2,000 Withdrew from bank for office expenses 10,000 Cheque received from Zahir Khan 5,000 Paid electricity bill for 100 Cash sales for 6,000 Commission received by cheque, 5,000 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 26th 27th 29th 30th Requirements: 1. Prepare journal entries 2. Post to ledger accounts 3. Make trial balance
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