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Transactions and Journals Preparation Example

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Transactions and Journals Preparation Example

Question

The following transactions took place in mali traders in the month of June 2007 .
July 4 Sold goods on credit to Young shs 1400 and Wendy shs 1700
7 Bought goods on credit from Fadosh 43,000
10 Young returned goods worth sh 3000
12 purchased goods on credit from Oloo shs 64000 and Edisash 28000
18 Goods worth shs 5000 were returned to Fado and goods worth sh 2000 returned to Oloo.
22 goods sold on credit young shs 6000 Anagwesh 10,000 and Jose shs 11,000
28 Goods returned by Anagweshs 1000
Prepare the relevant journals

Answer

FORM 4 Business-studies
FORM 4 Business-studies
FORM 4 Business-studies