Question
The following transactions relate to Koko Traders for the month of September 2010.
Sept. 2 Sold goods on credit to Chui Shs. 12,000 and Jane Shs.16,000
Sept. 8 Bought goods on credit from Shah Traders Shs. 40,000.
Sept. 12 Chui returned goods worth Shs. 2,000.
Sept. 15 Purchased goods on credit from Tanui Shs. 34,000 and Peter Shs. 31,050.
Sept. 20 Goods worth Shs. 6,000 were returned to Shah Traders and goods worth Shs. 3,000 to Tanui.
Sept. 23 Goods sold on credit to Chui Shs. 8,000, Tom Shs. 11,000 and Joseph Shs. 13,000.
Sept. 27 Goods returned by Tom Shs. 2,000.
Prepare the relevant Journals and balance them off.
Sept. 2 Sold goods on credit to Chui Shs. 12,000 and Jane Shs.16,000
Sept. 8 Bought goods on credit from Shah Traders Shs. 40,000.
Sept. 12 Chui returned goods worth Shs. 2,000.
Sept. 15 Purchased goods on credit from Tanui Shs. 34,000 and Peter Shs. 31,050.
Sept. 20 Goods worth Shs. 6,000 were returned to Shah Traders and goods worth Shs. 3,000 to Tanui.
Sept. 23 Goods sold on credit to Chui Shs. 8,000, Tom Shs. 11,000 and Joseph Shs. 13,000.
Sept. 27 Goods returned by Tom Shs. 2,000.
Prepare the relevant Journals and balance them off.
Answer
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