QUESTION THREE Record the transactions in the books of Kwasi Asante the month of...
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Accounting
QUESTION THREE
Record the transactions in the books of Kwasi Asante the month of January, 2021 and extract a trial balance.
| Jan. 1 | Started business with 10 million cash and 20 million in his bank account |
| Jan. 5 | Bought goods for resale, 15 million from Osafo |
| Jan. 15 | Cash sales of 20 million. Sold goods and received cheque of 5 million |
| Jan. 17 | Sold goods to Yeboah, 5 million |
| Jan. 18 | Purchases from Appiah 20 millon |
| Jan. 20 | Sales to Ofosua, 30 million |
| Jan. 25 | Paid Osafo with a cheque, less 2 % cash discount. Yeboah settled his account |
|
| With cash less 2 % cash discount |
| Jan. 26 | Paid Appiah with cash less 5% cash discount |
| Jan. 27 | Ofosua settled her account with a cheque less 5% cash discount. |
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