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.
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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