Answer to Question #322641 in Accounting for Reigns

Question #322641

The following transactions of Big Brown, a sole trader, took place from 1 January to 31 December 2015.



- Started business with capital in cash K10 000



- Deposited K8,000 cash into the bank



- Paid for rentals by cheque K2500



- Bought goods and paid by cheque K400



- Paid for stationery in cash K750



- Sold goods and received cash K600



- Bought goods on credit from suppliers K575



- Paid wages by cash K325



- Sold goods on credit to customers K780



- Withdrew K500 cash for personal use



- Paid electricity by cheque K250



Required:



Open the necessary accounts and prepare a trial balance as at 31 December 20X5.

1
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2022-04-06T10:11:54-0400

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