Reference no: EM132536368

Question - The following transactions were recorded in the books of Lexus Enterprises for the three months ended March 31, 2019.

Jan. 1 Commenced business by introducing Sh.250,000 into a bank account

Jan. 5 Bought Sh.50,000 furniture from Adam Enterprises on credit.

Jan. 15 Bought office stationery for Sh.1,000 paying by cheque.

Jan. 28 Bought goods for resale worth Sh.25,000 paying by cheque.

Feb. 2 Paid Adam Enterprises a cheque of Sh.35,000.

Feb. 3 Rent of Sh.30,000 for business premises was paid by cheque.

Mar. 5 Bought goods on credit from Jay Enterprises for Sh.35,000.

Mar. 8 Bought office stationery for Sh.500 paying by cheque.

Required - Post the transactions in the relevant ledger accounts and balance the accounts.