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

Name: QUESTION 2The following transactions relate to Obaa Lizzy Ent for the
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Description: QUESTION 2The following transactions relate to Obaa Lizzy Ent for theMonth of September 2022. You are required to record thetransaction in the respective T-Accounts.Note: You are not required balance off the accounts.Sep 1. Bought goods of Ghc 700 b

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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Assign on Apt 6, Home Furmtshings purchased $25,200 of mechandise from Una's Imports, terms 2/10, n/45. On April 8, Horne Furntshtngs ed $2,400 of the merchandise to Una's Imports for credit Home Fumishings pald cash for the merchandise on April 15. Required What ts the amount that Home Furnishings must pay Una's Imports on April 15? Record the events In a hortzontal statements model In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change In cash. If the element Is not affected by the event, leave the cell blank How much must Home Furnishings pay for the merchandise purchased if the payment Is not made until April 20? 1. Record the payment of the merchandise In Requirement (c) In a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for Investing activity, FA for financing activity, or NC for net change In cash If the element is not affected by the event,…
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Hw.41.
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