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innocennt
May 5, 2011, 05:21 AM
Record the following transactions for the month of December 2010 of Glen W.store (small finishing retailer), record in general journal, and balance off all the accounts using ledgers and then extract a trial balance as at 31st December 2010.
2011 Dec 1 Glen started his business with £ 400,000 cash, building of worth £50,000 and equipment worth of £300,000.
2011 Dec 2 put £ 90,000 of cash into a bank account and £200,000 from his girlfriend’s account.
2011 Dec 3 bought goods for cash £41,000 & £30,000 on credit from Ali shah.
2011 Dec 4 bought goods on credit from : Noor Jahan £10,800;Naheed Akhtar £15,900; Rona Laila £23,600 and Lata £15,000.
2011 Dec 5 bought stationary on credit from Atif Aslam Ltd £8,900 & equipment £50,000.
2011 Dec 6 Sold goods on credit to: Amir Khan £10,700; Salman khan £20,400; Shahrukh khan £30,000.
2011 Dec 8 piad rent by Cheque £3,000 salaries cash £2,500 and utilities from bank £ 1,500.
2011 Dec 10 bought fixtures on credit from Bachan Ltd £9,600.
2011 Dec 11 Paid salaries in cash £9,000 for the month of Jan & feb 2011.
2011 Dec 14 Returned goods to : Noor Jahan £1,000 ; Naheed Akhtar £ 15,00.
2011 Dec 15 Bought van by cheque £5,000.
2011 Dec 16 Received loan from B Barcley by cheque £50,000 and cash £30,000.
2011 Dec 18 Goods returned to US by: Amir Khan £5,000; Shahrukh khan £2,000.
2011 Dec 24 Sold goods on credit to: Amir Khan £23,000; Shahrukh Khan £10,000.
2011 Dec 26 He paid the following cheque : Naheed Akhtar £15,000; Rona Laila £4,000.
2011 Dec 29 Received cheques from: Salman Khan £11,00; Amir Khan £12,000.
2011 Dec 30 Received a further loan from B Barclay by cash £15,000.

Curlyben
May 5, 2011, 05:27 AM
Thank you for taking the time to copy your homework to AMHD.
Please refer to this announcement: CLICK HERE !! (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)