Reference no: EM132733750

Question - Enter the following transactions in the accounts of Jentayu and close of the accounts.

2020

October 1 Started in business with Ksh 2,000,000 in the bank.

October 2 Hughes lent us Ksh 500,000 in cash.

October 3 Bought goods on credit from Brown Ksh 153,000 and Jess Ksh 416,200.

October 4 Sold goods for cash Ksh 191,000.

October 6 Took Ksh 20,000 of the cash and paid it into the bank.

October 8 Sold goods on credit to Rise Ksh 137,400.

October 10 Sold goods on credit to Taylor Ksh 34,100.

October 11 Bought goods on credit from Brown Ksh 48,800.

October 12 Rise returned goods to us Ksh 6,500.

October 14 Sold goods on credit to Pate Ksh 53,500 and Sim Ksh 26,200.

October 15 We returned goods to Brown Ksh 9,400.

October 17 Bought van on credit from Aberdeen Cars Ltd Ksh 437,000.

October 18 Bought office furniture on credit from Winter Ltd Ksh 180,000.

October 19 We returned goods to Jess Ksh 13,000.

October 20 Bought goods for cash Ksh 39,000.

October 24 Goods sold for cash Ksh 11,000.

October 25 Paid money owing to Brown by cheque Ksh 192,400.

October 26 Goods returned to us by Pate Ksh 3,400.

October 27 Returned some of office furniture costing Ksh 18,000 to Winter Ltd.

October 28 Linda put a further Ksh 250,000 into the business in the form of cash.

October 29 Paid Aberdeen Cars Ltd Ksh 437,000 by cheque.

October 31 Bought office furniture for cash Ksh 36,500.