QUESTION FOUR The following information relate to Asaawa Enterprise for the month of October 2021. Transactions 1. started business with Cash at bank of GHc 25,000 2. bought stationary by cheque GHc 45 3. bought goods on credit from Sams Ltd GHc 1200 4. sold goods for cash GHc 200 5. paid insurance by cash GHc 42 6. bought machinery on credit from KK ltd GHc 600 7. paid for machinery expenses by cheque GHc 70 8. returned goods to Sams ltd GHc 120 9. paid wages by cash GHc 100 10. paid rent by cheque GHc 150 a) journalize the above transactions b) post to the ledger accounts c) prepare a trial balance ----

QUESTION FOUR The following information relate to Asaawa Enterprise for the month of October 2021. Transactions 1. started business with Cash at bank of GHc 25,000 2. bought stationary by cheque GHc 45 3. bought goods on credit from Sams Ltd GHc 1200 4. sold goods for cash GHc 200 5. paid insurance by cash GHc 42 6. bought machinery on credit from KK ltd GHc 600 7. paid for machinery expenses by cheque GHc 70 8. returned goods to Sams ltd GHc 120 9. paid wages by cash GHc 100 10. paid rent by cheque GHc 150 a) journalize the above transactions b) post to the ledger accounts c) prepare a trial balance ----

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Description: QUESTION FOURThe following information relate to Asaawa Enterprise for the month of October 2021.Transactions1. started business with Cash at bank of2. bought stationary by cheque GHc 453. bought goods on credit from Sams Ltd GHc 1200sold goods for

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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Accounting Q
5. The following balances were extracted from the books of Atuobi Trading Company on 30 November 2011 GHE 344,890 268,187 14,440 496,600 - Cash Credit Sales Purchases- Cash - Credit 600,570 503,970 5,520 3,510 5,070 Total receipts fram customers Total payments to suppliers Discount allowed Discount received Refunds given to cash customers Balance in the sales ledger-set off-against balance in the purchases ledger Bad debt written off Increase in the provisioh for bad debt Credit notes issued to credit customers Credit note received from suppliers 70 780 06 4,140 1,480 According to the audited financial statement for the previous year, debtors and creditors as at 1 December 2010 were GH¢26,555 and GH¢43,450 respectively. You are required to prepare: a) Total Debtors Ledger Control Account b) Total Creditor Ledger Control Accounts. ....
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xamus - cdn.student.uae.examus.net/?rldbqn=1&sessi... ACCT101_FEX_2021_2_Male A company purchased merchandise on credit with terms Ac Payable if the company pays SR485 cash on this account within ten days? e18 3/15, n/3O. How much will be debited to 33 - 34 abe18ce33 b. Accounts Payable should be credited in а. 485 113:22 9 కోల С. 470.45 95abe18ce 33 d. 500 95abe18ce 95abe18ce33 95aber8ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro F3 888 F4 FS E 5 F7 67 7 V T. 8 A 9 Y 6. U 11 9.
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Answer the following question
Prepare ram account from the following transaction
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.
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