Mr. Balham started business on July 1, 2019 with a capital of GH¢16,000 cash.
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Business, 02.06.2020 18:58 graciemccain
QUESTION ONE
Mr. Balham started business on July 1, 2019 with a capital of GH¢16,000 cash.
July 2. Opened a bank account with GH¢8,000
July 2. Bought goods costing GH¢1,000 with cheque
July 3. Purchased Shop Fittings on credit from Jupiter Furniture at GH¢5,000
July 5. Bought motor van by cheque GH¢4,000
July 8. Purchased stationery GH¢150 and goods GH¢5,000 by cash
July 17. Paid insurance GH¢100 by cash
July 18. Cash sales made GH¢2,500
July 20. Sent cash of GH¢2,700 to the bank
July 22. Withdrew GH¢1,000 from the bank for personal use
July 25. Paid motor expenses GH¢300
July 28. Cash sales sent to the bank GH¢5,400
Required: Prepare the ledger accounts of Mr. Balham and extract a trial balance.
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QUESTION ONE
Mr. Balham started business on July 1, 2019 with a capital of GH¢16,000 cash.
Mr. Balham started business on July 1, 2019 with a capital of GH¢16,000 cash.
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