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.