Question

Journalise the following transactions, post them into Ledger and prepare a Trial Balance
2017
jan. 1 - Started business with cash investment of 30,000
3 - Purchased furniture in cash 5,000
8 - Opened bank account with UCO Bank 15,000
9 - Sold goods and received a cheque 10,000
12 - Purchased goods by cheque 6,000
15 - Cash sales 7,000
16 Paid rent 500
18 - Paid electricity charges by cheque 1,500
20 - Drew cash from bank for personal use 750
22 - Salaries paid to staff in cash 2,500
26 - Received interest from bank 800​

Answer 1

Explanation:

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