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Post the entries to the ledger accounts

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Reference no: EM132560529

Question - The following transactions relates to Sakina Hardware for the month of January 2017.

Jan 1st Purchased 2000 bags of cement from ABC Ltd on credit at shs 700 each.

Jan 3rd Sold 600 bags of cement to XYZ Ltd at shs 800 each on credit

Jan 6th Bought a motor vehicle at shs 2,000,000 on credit from Motor Ltd

Jan 10th Received shs 400,000 from XYZ Ltd cash.

Jan 12th Returned 13 bags of cement to ABC Ltd

Jan 15th Paid Motor Ltd shs 200,000 cash

Jan 16th Banked shs 200,000

Jan 20th Paid ABC Ltd shs 100,000 by cheque

Jan 22nd Paid Rent shs 10,000 by cheque

Required -

a) Post the entries to the ledger accounts.

b) Extract a trial balance for January 2017.

Reference no: EM132560529

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