Enter the following transactions in the records of King Zola, balance the various accounts and extract a trial balance for the month of June 2001. June 1 stated business with GH¢25,000 of the bank June 2 Bought goods on credit from Blessing GH¢1,200 June 3 Bought goods GH¢700 from John paying by cheque June 4 Return goods to Blessing GH¢500 June 7 Sold good for cash GH¢3,000 June 8 Bought furniture by cheque GH¢1,750 June 9 Banked cash GH¢1,500 June 12 Sold goods on credit to Deede GH¢480 June 14 Received loan GH¢2,300 from Andra June 15 Deede returned goods GH¢210 June 18 Paid rent GH¢750 by cash June 20 Received discount of GH¢60 by cash June 24 Withdrew GH¢800 from the bank for personal use June 30 Received electricity bill GH¢230 from E. C. G but not settled
Enter the following transactions in the records of King Zola, balance the various accounts and extract a trial balance for the month of June 2001. June 1 stated business with GH¢25,000 of the bank June 2 Bought goods on credit from Blessing GH¢1,200 June 3 Bought goods GH¢700 from John paying by cheque June 4 Return goods to Blessing GH¢500 June 7 Sold good for cash GH¢3,000 June 8 Bought furniture by cheque GH¢1,750 June 9 Banked cash GH¢1,500 June 12 Sold goods on credit to Deede GH¢480 June 14 Received loan GH¢2,300 from Andra June 15 Deede returned goods GH¢210 June 18 Paid rent GH¢750 by cash June 20 Received discount of GH¢60 by cash June 24 Withdrew GH¢800 from the bank for personal use June 30 Received electricity bill GH¢230 from E. C. G but not settled
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...
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