TRIAL BALANCE QUESTION
Hey Everyone, Hope the week is going well? It
Is Well with You in Jesus Name- Amen. Today we are continuing from where we
stopped last week and we are taking one more question on this topic to be more
grounded in it. Let's get started....
ILLUSTRATION 2:
Enter the Transactions in the books of the
following details for the month of January and extract the Trial Balance as at
31st June 1996.
Jan 1- Started Business with N7, 000 in cash.
Jan 2- Paid N3, 500 of the opening cash into
bank account.
Jan 3- Bought goods on credit from Ajala
N135, Kayode N115, Mark N55.
Jan 4- Bought office equipment on credit from
Ojo N108.
Jan 6- Sold goods for cash N501.
Jan 7- Sold goods on credit to Micheal N24,
Obi N53.
Jan 8- Bought motor van paying by cheque
N240.
Jan 10- We returned goods to Ajala N25,
Kayode N22.
Jan 12- We paid by cheque Ajala N110.
