The following transactions took place in Hali ya Anga Business during the month of May 2012. 2012…

The following transactions took place in Hali ya Anga Business during the month of May 2012. 2012…

2012

May 1 Started business with sh 200,000 in the bank.

2 Withdrew from the bank sh 15,000 for business use.

“ 2 Purchased goods sh 17,500 on credit from Mwezi .

“ 3 Bought furniture and fittings worth sh 15,000 paying by cheque 50% of the amount “ 5 Sold goods for cash sh 27,500.

“ 6 Bought goods on credit sh 11,400 from Jua .

“ 10 Paid rent by cash sh 1,500.

“ 12 Bought stationery sh 2,700, paying in cash.

“ 18 Goods returned to Mwezi sh 2,300.

“ 21 Let off part of the premises receiving rent by cheque sh 500.

“ 23 Sold goods on credit to Baridi for sh 7,700. “ 24 Converted his personal motor bike worth 30,000 to business property.

“ 30 Paid the month’s wages by cash sh 11,700.

“ 31 The proprietor took cash for himself sh 2,400 and goods with a selling price of sh 3 ,500 which costed sh 2,700 Required:

a) Ledger accounts to record the above transactions

b) Trial balance the month of May 2012

6. Write up the following transactions in the books of S Pink:

2003

March 1 Started business with cash sh. 1,000.
2 Bought goods on credit from A Cliks sh. 296.
3 Paid rent by cash sh. 28.
4 Paid sh. 1,000 of the cash of the firm into a bank account.
5 Sold goods on credit to J Simpson sh. 54.
7 Bought stationery sh. 15 paying by cheque.
11 Cash sales sh. 49.
14 Goods returned by us to A Cliks sh. 17.
17 Sold goods on credit to P Lutz sh. 29.
20 Paid for repairs to the building by cash sh. 18.
22 J Simpson returned goods to us sh. 14.
27 Paid A Cliks by cheque sh. 279.
28 Cash purchases sh. 125.
29 Bought a motor vehicle paying by cheque sh. 395.
30 Paid motor expenses in cash sh. 15.
31 Bought fixtures sh. 120 on credit from R west.