Sep 1. Bought goods of Ghc 700 by paying cash Sep 2.Sold goods worth Ghc 1,500 to Apugya Ltd on credit Sep 5.Bought office furniture and fittings worth Ghc 2,000 on credit from Suro Nipa Ent. Sep 10. Obaapa Agyeiwaa Ent bought from us Ghc 2,000 worth of goods paying by cheque Sep 15. Owner bought generator set for the Enterprise from her personal coffers Sep 17.Bought goods for Ghc 1,000 from Huhuhu Ent on agreeing to a credit terms of 30 days Sep 20.Received Ghc 1,000 cheque from Apugya Ltd, the remaining debt on the account was settled by cheque Sep 23.Owner took Ghc 1,500 from the business cash to settle
Sep 1. Bought goods of Ghc 700 by paying cash Sep 2.Sold goods worth Ghc 1,500 to Apugya Ltd on credit Sep 5.Bought office furniture and fittings worth Ghc 2,000 on credit from Suro Nipa Ent. Sep 10. Obaapa Agyeiwaa Ent bought from us Ghc 2,000 worth of goods paying by cheque Sep 15. Owner bought generator set for the Enterprise from her personal coffers Sep 17.Bought goods for Ghc 1,000 from Huhuhu Ent on agreeing to a credit terms of 30 days Sep 20.Received Ghc 1,000 cheque from Apugya Ltd, the remaining debt on the account was settled by cheque Sep 23.Owner took Ghc 1,500 from the business cash to settle
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
![QUESTION 2
The following transactions relate to Obaa Lizzy Ent for the
Month of September 2022. You are required to record the
transaction in the respective T-Accounts.
Note: You are not required balance off the accounts.
Sep 1. Bought goods of Ghc 700 by paying cash
Sep 2.Sold goods worth Ghc 1,500 to Apugya Ltd on credit
Sep 5.Bought office furniture and fittings worth Ghc 2,000 on
credit from Suro Nipa Ent.
Sep 10. Obaapa Agyeiwaa Ent bought from us Ghc 2,000 worth
of goods paying by cheque
Sep 15. Owner bought generator set for the Enterprise from her
personal coffers
Sep 17.Bought goods for Ghc 1,000 from Huhuhu Ent on
agreeing to a credit terms of 30 days
Sep 20.Received Ghc 1,000 cheque from Apugya Ltd, the
remaining debt on the account was settled by cheque
Sep 23.Owner took Ghc 1,500 from the business cash to settle
her child's school fees.
Sep 25. Paid salary of Ghc 1,200 for the month by cheque
Sep 30. Settled the debt owed Suro Nipa Ent. In full.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1134513-47c3-47c8-bf76-d7cb31a7f997%2F7c841e89-acc9-49e3-bb89-80270cebc741%2Fmghcrof_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 2
The following transactions relate to Obaa Lizzy Ent for the
Month of September 2022. You are required to record the
transaction in the respective T-Accounts.
Note: You are not required balance off the accounts.
Sep 1. Bought goods of Ghc 700 by paying cash
Sep 2.Sold goods worth Ghc 1,500 to Apugya Ltd on credit
Sep 5.Bought office furniture and fittings worth Ghc 2,000 on
credit from Suro Nipa Ent.
Sep 10. Obaapa Agyeiwaa Ent bought from us Ghc 2,000 worth
of goods paying by cheque
Sep 15. Owner bought generator set for the Enterprise from her
personal coffers
Sep 17.Bought goods for Ghc 1,000 from Huhuhu Ent on
agreeing to a credit terms of 30 days
Sep 20.Received Ghc 1,000 cheque from Apugya Ltd, the
remaining debt on the account was settled by cheque
Sep 23.Owner took Ghc 1,500 from the business cash to settle
her child's school fees.
Sep 25. Paid salary of Ghc 1,200 for the month by cheque
Sep 30. Settled the debt owed Suro Nipa Ent. In full.
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