Reference no: EM132610945
Question - Mr. Bernard is a trader buying and selling specialist office furniture.
He provides you following transactions.
Date Transactions $ 2018
July 1 Started business with cash.12,000
July 2 Paid in to a bank account for the business.11,700
July 4 Bought office furniture on credit from Dream Ltd 1,900
July 6 Bought equipment from Pearce & Sons on credit 2,300
July 10 Paid amount owing to Dream Ltd by cheque. 1,780
July 13 Withdrew cash for personal use. 500
July 16 F Brown lent by cheque4,000
July 19 Returned faulty office furniture to Dream Ltd.120
July 22 Sold office furniture on credit to D souza4500
July 28 Paid wages 1000
July 30 Received rent500
Required -
a) Record the transactions in Journal.
b) Prepare necessary ledger accounts.
c) Extract trial balance from the ledger balances worked.
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