Question

The following transactions were extracted from the books of Kwabeng enterprise for February 2020
February
03 Commenced business with a capital of GHȻ15,000 cash
05 Purchased good GHȻ6,000
07 Purchased goods on credit from S & Co. GHȻ3,000
10 Purchased furniture GHȻ2,400
10 Returned goods to S & Co. GHȻ600.
11 Sold goods GHȻ3,900
12 Received an invoice from Smith GHȻ5,000
15 Sold goods on credit to DD GHȻ2,250
20 Paid salaries GHȻ960
22 Purchased a van GHȻ50,000 on credit from Silver Star Auto Ltd.
24 Received commission GHȻ75
25 Goods returned by DD GHȻ450
25 Received cash from DD GHȻ1,500
26 Paid to S & Co. GHȻ1,800
27 Withdrew from business GHȻ900 for personal use
28 Borrowed from KK GHȻ1,500
Required:
1. Record the above transactions in the appropriate journals
2. Post entries to relevant ledger accounts
3. Prepare a trial balance.

Answer 1

Answer:

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good mrng ✌✌✌✌