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. |
