You are required to enter up the following transactions for June 1998 in the book of Longe Ltd. The account are then to be balanced off and a trial balance extracted as at 31st June, 1998.
June 1. Longe started business by depositing 25,000 naira in a bank account.
June 2. Bought motor van on credit from Bilikisu Enterprises at 3,400 naira
June 3. Paid rent by cheque - 70 naira
June 4. Received loan of 300 naira in cash from Kosoko
June 7. Bought office equipment on credit from UTC Nig Ltd . 470 naira
June 10. Cash sales 17,000 naira
June 11. Cash purchases 5,000 naira
June 13. Sold goods on credit to; Odutola 150 naira; Bello 60 naira
June 15. Paid Bilikisu Enterprises by cheque 3,400 naira
June 16. Bought goods for Cash 90 naira
June 17. The proprietor took 500 naira drawings in cash
June 19. Paid sundry expenses by cash 50 naira
June 22. Bought another motor van paying by cheque immediately 3,000 naira
June 23. Withdrew 600 naira from the bank for business use.
June 30. Goods returned to us by: Odutola 30 naira; Bello 10 naira?
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Asked by Ajayi on 25th June, 2023
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