The following transactions took place in the business of kesway group first week of May. Use the above…

Question

The following transactions took place in the business of kesway group first week of May. Use the above information to clear ledgers and balance them off as at 7 May 2023 and extract the trial balance.

ScanSolve AI Tutor · Accepted Answer

Haya Bryany, hebu tushughulikie swali hili la Kesuma Group. Step 1: Fungua na uweke miamala katika akaunti za leja. Akaunti ya Bank Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 1, 2023 — Capital — 800,000 — May 3, 2023 — Rent — 120,000 May 4, 2023 — Premises — 560,000 May 6, 2023 — Creditors — 100,000 May 7, 2023 — Bal c/d — 20,000 800,000 — 800,000 May 7, 2023 — Bal b/d — 20,000 Akaunti ya Cash Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 1, 2023 — Capital — 200,000 — May 7, 2023 — Bal c/d — 285,000 May 6, 2023 — Sales — 85,000 285,000 — 285,000 May 7, 2023 — Bal b/d — 285,000 Akaunti ya Capital Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 7, 2023 — Bal c/d — 1,000,000 — May 1, 2023 — Bank — 800,000 May 1, 2023 — Cash — 200,000 1,000,000 — 1,000,000 May 7, 2023 — Bal b/d — 1,000,000 Akaunti ya Purchases Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 2, 2023 — Creditors — 240,000 — May 7, 2023 — Bal c/d — 240,000 240,000 — 240,000 May 7, 2023 — Bal b/d — 240,000 Akaunti ya Creditors (Silver Stores) Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 6, 2023 — Bank — 100,000 — May 2, 2023 — Purchases — 240,000 May 7, 2023 — Bal c/d — 140,000 240,000 — 240,000 May 7, 2023 — Bal b/d — 140,000 Akaunti ya Rent Expense Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 3, 2023 — Bank — 120,000 — May 7, 2023 — Bal c/d — 120,000 120,000 — 120,000 May 7, 2023 — Bal b/d — 120,000 Akaunti ya Premises Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 4, 2023 — Bank — 560,000 — May 7, 2023 — Bal c/d — 560,000 560,000 — 560,000 May 7, 2023 — Bal b/d — 560,000 Akaunti ya Sales Tarehe — Maelezo — Kshs — Tarehe — Maelezo — KshsMay 7, 2023 — Bal c/d — 85,000 — May 6, 2023 — Cash — 85,000 85,000 — 85,000 May 7, 2023 — Bal b/d — 85,000 Step 2: Andaa Mizani ya Majaribio (Trial Balance) kufikia Mei 7, 2023. Kesuma Group Trial Balance as at 7th May 2023 Account — Debit (Kshs) — Credit (Kshs)Bank — 20,000 Cash — 285,000 Capital — 1,000,000 Purchases — 240,000 Creditors (Silver Stores) — 140,000 Rent Expense — 120,000 Premises — 560,000 Sales — 85,000 Total — 1,225,000 — 1,225,000

Mizani ya Majaribio imesawazika kwa jumla ya Kshs 1,225,000 kwa pande zote za Debit na Credit.

The following transactions took place in the business of kesway group first week of May. Use the above information to clear ledgers and balance them off as at 7 May 2023 and extract the trial balance.

Step-by-step solution

Fungua na uweke miamala katika akaunti za leja.

Andaa Mizani ya Majaribio (Trial Balance) kufikia Mei 7, 2023.

Still stuck on this one?

More Accounting Questions