QUESTION 1. Record the following detail relating to a Carpet Retailer for the month of June 2015 and extract a trial bal

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Question 1 Record The Following Detail Relating To A Carpet Retailer For The Month Of June 2015 And Extract A Trial Bal 1 (118.86 KiB) Viewed 34 times

QUESTION 1. Record the following detail relating to a Carpet Retailer for the month of June 2015 and extract a trial balance as at June 30, 2015 2015 June 1 Started business with Ghc 150,000 in the bank. 3 Bought goods on credit from: Small Ghc 2,900; Brown Ghc 12,000; Rae Ghc 6,100; Charles Ghc 5,300 5 Cash sales Ghc 6,100 6 Paid rent by cheque Ghc 1,750 7 Paid business rate by cheque 1,300 11 Sold goods on credit to: Pots Ghc 850; Field Ghe 480; Gray Ghc 16,400 17 Paid wages by cash Ghc 290 18 We returned goods to: Small Ghc 180; Charles Ghc 270 19 Bought goods on credit from: Charles Ghc1,100; Rae Ghc 3,200; Jack Ghc 1,650 20 140 Goods returned to us by: Field Ghc 60; Pots Ghc Bought Van on credit from German Motors Ghc 21 49,500 23 We pay the following by cheque Small Ghc 2,270; Brown Ghc 12,000; Rae Ghe 5,000 25 Bought another Van, paying by cheque immediately Ghc 62,000 26 Received loan of Ghc 7,500 cash from Benett 28 Received cheques from Pots Ghc 710; Field Ghe 420 30 Proprietor brings a further Ghc 9,000 into the business, a payment into the business bank account.