The trial balance of Chris Chan's business as at 15 October 2018 is shown below: The owner deposited capital as follows: Bank K10,000 & Cash balance K 5000 Sales on credit to T Wilde K1,000. debtors. Perchasec. Cash • ● ● ● ● ● ● Purchases of goods on credit K500. Sold goods Cash K1200. Purchased Van K4,000 out of Bank. Paid wages K1,000 out of bank. Paid Advertising bill K200 out of Cash. Approved loan of K10,000 deposited into the bank. Paid rent K2,000 out of bank account. ● } ? Van Latage! Advertising. bank. rent (a) Draw up T Accounts and balance off. (b) Prepare the trial balance of Chris Chan's business as at 15 October 2018.
The trial balance of Chris Chan's business as at 15 October 2018 is shown below: The owner deposited capital as follows: Bank K10,000 & Cash balance K 5000 Sales on credit to T Wilde K1,000. debtors. Perchasec. Cash • ● ● ● ● ● ● Purchases of goods on credit K500. Sold goods Cash K1200. Purchased Van K4,000 out of Bank. Paid wages K1,000 out of bank. Paid Advertising bill K200 out of Cash. Approved loan of K10,000 deposited into the bank. Paid rent K2,000 out of bank account. ● } ? Van Latage! Advertising. bank. rent (a) Draw up T Accounts and balance off. (b) Prepare the trial balance of Chris Chan's business as at 15 October 2018.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The trial balance of Chris Chan's business as at 15 October 2018 is shown below:
The owner deposited capital as follows: Bank K10,000 & Cash balance K 5000
debtors.
Sales on credit to T Wilde K1,000.
●
●
●
●
●
●
●
Purchases of goods on credit K500.
Sold goods Cash K1200.
Purchased Van K4,000 out of Bank.
Paid wages K1,000 out of bank.
Paid Advertising bill K200 out of Cash.
Approved loan of K10,000 deposited into the bank.
Paid rent K2,000 out of bank account.
●
Sales
Prorchasec• Creditors
841830
Cash
.
Banka
Latage. Bank.
Van •
Advertising Cash.
Toan
bank.
bank.
(a) Draw up T Accounts and balance off.
(b) Prepare the trial balance of Chris Chan's business as at 15 October 2018.
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