bayo enterprises started business on 1 January 2021 with a capital of 16,000 the following...

bayo enterprises started business on 1 January 2021 with a capital of 16,000
the following transaction were carried out during the month of January
Jan 1, purchased furniture by cash 2,400
Jan 2, purchased stationary 200 cash
Jan 3, purchased goods on credit from David 5,000
Jan 15, sold goods for cash 5,000
Jan 18, sold goods to Nagogo on credit 2,400
Jan 20, paid advertisement expenses 200 cash
Jan 25, paid David 3,500 cash being part of settlement of goods purchased
Jan 28, paid rent in cash 300
Jan 31, paid salaries and wages 600 cash
you are required to write up the ledger accounts recording the above transactions and extract a trial balance?

In Accounting
1 Answers Available
Asked by Eric Alphosus on 3rd May, 2022