Write up the asset, capital and liability accounts in the books of Kings Ltd to record the following transactions: 2018 June 1 Started business with sh50,000 in the bank. “ 2 Bought motor van paying by cheque sh12,000. “ 5 Bought Fixtures sh4,000 on credit from Office Masters Ltd. “ 8 Bought a van on credit from Motor Cars Ltd sh 8,000. “ 12 Took sh1,000 out of the bank and put it into the cash till. “ 15 Bought Fixtures paying by cash sh 600 “ 19 Paid Motor Cars Ltd by cheque sh 8000 “ 21 A loan of sh 10,000 cash is received from J Marcus. “ 25 Paid sh8,000 of the cash in hand into the bank account. “ 30 Bought more Fixtures paying by cheque sh 3,000. Required: Record the above transactions on the ledger accounts in the books of Kings Ltd Generate a trial balance
Write up the asset, capital and liability accounts in the books of Kings Ltd to record the following transactions:
2018
June 1 Started business with sh50,000 in the bank.
“ 2 Bought motor van paying by cheque sh12,000.
“ 5 Bought Fixtures sh4,000 on credit from Office Masters Ltd.
“ 8 Bought a van on credit from Motor Cars Ltd sh 8,000.
“ 12 Took sh1,000 out of the bank and put it into the cash till.
“ 15 Bought Fixtures paying by cash sh 600
“ 19 Paid Motor Cars Ltd by cheque sh 8000
“ 21 A loan of sh 10,000 cash is received from J Marcus.
“ 25 Paid sh8,000 of the cash in hand into the bank account.
“ 30 Bought more Fixtures paying by cheque sh 3,000.
Required:
Record the above transactions on the ledger accounts in the books of Kings Ltd
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