The following transaction to Best Sales (K) Ltd for the month of March 2009.

The following transaction to Best Sales (K) Ltd for the month of March 2009.
March 1: Started business with Sh. 800,000 in the bank.
March 2: Bought goods on credit from the following persons
Ndichu- Sh. 76,000
Omolo- Sh. 27,000
Tina- Sh. 56,000
March 5: Cash sales Sh. 87,000
March 6: Paid wages in cash Sh. 14,000
March 7: Sold goods on credits to
Emma-Sh.35, 000
Jane- Sh. 42,000
Juma- Sh. 72,000
March 9: Bought goods for cash Sh. 46,000
March 10: Bought goods on Credits from
Omolo- Sh. 57,000
Ndebu-Sh. 98,000
March 12: Paid wages in cash Sh.465, 000
March 13: Sold on credit to: Jane- Sh. 32,000
Juma- Sh. 23,000
March 15: Bought fix tires on credit from Beta Ltd Sh. 50,000
March 17: Paid Omolo by cheque Sh. 84,000
March 18: Returned goods to Ndebu Sh.20, 000
March 24: Jane returned some of goods sold to her Sh.11, 000
March 31: Bought a motor van paying by cheque Sh. 400,000

Required:
Record the above transaction in the ledger of Best Sales Ltd and balance off the account; hence forth, extract a trial balance as at 31 March 2009.

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Wilfykil answered the question on February 27, 2019 at 14:10

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