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Fondo started a small business in Mlango saba-vikwatani on 1st April 2015. Her transactions for the month of April 2015 were as follows 2nd Opened a...

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Mrs. Fondo started a small business in Mlango saba-vikwatani on 1 st April 2015. Her transactions for the month of April 2015 were as follows 2 nd Opened a bank account and deposited kshs. 200,000 and retained shs. 80000 in cash 2 nd Paid rent in cash ksh. 18000 3 rd Purchased goods worth ksh. 190,000 from Vicky enterprise on credit 5 th Sold goods for ksh. 290,000 for cash 5 th Banked kshs. 250000 cash 10 th Purchased two photocopying machines for shs. 150,000 and paid by cheque 10 th Purchased goods for ksh. 120,000 from Nema stores and paid half the amont by cheque. 12 th Sold goods worth ksh. 162,000 on credit to kibarani clinic 16 th Kibarani clinic returned goods worth ksh. 18000 and was given a credit note for the same. 19 th Received cheque of ksh. 90,000 from kibarani clinic 19 th Purchased goods for ksh. 21,000 on credit from Rehema 21 st Sold goods for ksh. 18000 on credit to Bonvita hotel 23 rd Paid Vicky enterprise Ksh. 141,800 in full settlement of the amount owed to them by cheque 27 th Withdrew cash ksh. 15000 for family use 28 th Bought goods for ksh. 16000 and paid by cheque 29 th Bonvits ltd paid by cheque Ksh. 13900 in full settlement of their debt 29 th Paid by cheque nema stores debt less 10% discount 30 th Paid salaries ksh. 14500 and electricity bill ksh 1800 by cheque Required Prepare a three column cash book and more relevant entries in the ledger and balance the accounts. (16mks) Prepare trial balance as at 30 th April 2015. (4mks)
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    • Barakamboss
    • Jul 20, 2016 at 6:02am
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    • Barakamboss
    • Jul 20, 2016 at 6:03am
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    • nick.nickkyag
    • Jul 20, 2016 at 6:22am
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    • Jul 20, 2016 at 6:23am
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    • nick.nickkyag
    • Jul 20, 2016 at 6:23am
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    • Barakamboss
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