REVISION QUESTIONS Mr Bello started business with N80,000 in 2/1/93 and paid it into the bank on 4/1/93.
His transactions for the rest of the month were as follows:
5/1/93 Purchases by cheque N27.300
6/1/93 Credit purchase N25,200,
Electricity paid by cheque N 500, Rent N700 by cheque
7/1/93 Drew cash for office use N 1,200
Sales: By cheque #42,520
By Cash N 480
By Credit N 50,000
8/1/93 Pad creditors by cheque 15,100
9/1/93 Cash sales N 17,115 cash wages paid N500
12/193 Received from customers cheques for 39,200
13/1/93 Paid into bank the sales made on 9/1/93: Stationery bought by cash #50
15/1/93 Drew cash for office use N 200
16/1/93 Servicing and repairs by cash N120
Purchases:
Cash N 20,000
Credit N45,000
Cheque N 5000
21/1/93 Sales
Ch 27500​