Preparation of Trial Balance - SS1 Accounting Past Questions and Answers - page 1
Jide Ray started a new tool shop business with ₦90000 cash on May 1, 2022, and conducted the following transactions by cash below:
₦
May 2: Paid Rent 18000
May 4: Cash Sales 10000
May 6: Transport Expenses 4550
May 12: Bought Goods from Joy M. 15000
May 14: Cash Sales 22600
May 16: Paid for Advertisement 24300
May 17: Sold Goods to Keke A. 15000
May 20: Sales by Cash 6000
May 22: Paid Kamara H. By Cash 11500
May 23: Paid for Electricity Bills 8000
May 26: Purchased New Van 30500
May 30: Cash purchases 7500
Instructions:
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Prepare the cash book
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Transfer the information from the cash book into ledgers
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Extract a trial balance for the month
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