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Prepare the journal entries and ledger accounts for Abdulwazim for the month of May 2014, given the following transactions.
Accounting
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Here are the journal entries and ledger accounts for Abdulwazim for the month of May 2014.
General Journal
| Date | Particulars | Debit (N) | Credit (N) |
|---|---|---|---|
| May 1 | Cash A/c | 25,000 | |
| To Capital A/c | 25,000 | ||
| (Being commencement of business with cash) | |||
| May 2 | Purchases A/c | 30,600 | |
| & |
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