Complete the relevant ledger accounts

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Question - Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred

1 January They issue $10,000 share capital for cash

2 January They purchase goods for $4,000 and pay by cheque

3 January They buy delivery van for $2,000 and pay by cheque

4 January They purchase $1,000 of goods on credit

5 January They sell goods for $1,500 cash

6 January They sell all remaining goods for $5,000 on credit

7 January They pay $800 to suppliers by cheque

8 January They pay rent of $200 by cheque

Required -

a) Complete the relevant ledger accounts?

b) Extract a trial balance?

Reference no: EM132853089

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