Solution-Prepare ledger accounts and balance off the ledgers

Prepare ledger accounts and balance off the ledgers

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Reference no: EM132572205

Question - The following transactions relate to Wote Tours for the month of September 2019

1. Introduced Ksh. 200,000 cash into the business

2. Opened a business bank account and deposited Ksh. 180,000 of the business cash into the account

3. Paid Ksh. 5,000 in cash, being rent for the month

4. Purchased goods for Ksh. 10,000 and paid by cheque

5. Bought goods for Ksh. 4,000 paid in cash

6. Purchased motor vehicle for Ksh. 80,000 by cheque

7. Received Ksh. 50,000 cash for business use

8. Paid for vehicle repairs Ksh. 20,000 in cash

9. Paid salaries for Ksh. 25,000 cash.

Required -

1. Prepare ledger accounts, balance off the ledgers.

2. Extract a trial balance.

Reference no: EM132572205

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Prepare ledger accounts and balance off the ledgers

Reference no: EM132572205

Reference no: EM132572205

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