Question

I want 60 transactions with its journal,ledger,trial balances for my accounts project​

Answer 1

Answer:

Explanation:

1-Apr Michael started business with cash 600,000, cash at Bank of America 700,000, furniture 200,000.

1-Apr Purchased Plant & Machinery worth 250,000 by cheque.

25-Apr Purchased goods from ABC Ltd worth 800,000 @10% trade discount.

5-May Cash Sales 1,000,000 @5% trade discount to XYZ Traders

15-May Deposited cash with Bank of America 500,000.

5-Jun Paid ABC Ltd 300,000 in cash.

10-Jun Received commission 75,000 by cheque.

25-Jun Cash Purchases 250,000.

5-Jul Sold goods to XYZ Traders 475,000.

15-Jul Received 275,000 by cheque from XYZ Traders.

5-Aug Loan taken from Bank of America 200,000

25-Aug Purchased goods from ABC Ltd 50,000.

27-Aug Withdrew cash from bank 10,000.

5-Sep Received commission 55,000 in cash.

10-Sep Paid ABC Ltd 70,000 by cheque.

20-Sep Received 90,000 in cash from XYZ Traders.

1-Oct Bank loan repaid 50,000.

25-Oct Cash Purchases 25,000.

5-Nov Sold goods to XYZ Traders 47,000.

15-Nov Withdrew cash from bank 15,000.

5-Dec Received interest from bank 5,000.

25-Dec Purchased goods from ABC Ltd 75,000.

5-Jan Cash Sales 100,000.

15-Jan Deposited cash with Bank of America 35,000.

25-Feb Cash Purchases 450,000.

28-Feb Office was taken on rent in the month of Feb. Office rent paid in cash 50,000.

28-Feb Employees were hired in the month of Feb. Paid salary by cheque 30,000 & cash 30,000 for the month of Feb 20×2.

5-Mar Sold goods to XYZ Traders 675,000.

31-Mar Paid office rent by cheque 50,000.

31-Mar Paid salary in cash 30,000 for the month of March 20×2