Bartenge Enterprises started business on 1st May 2014 with Shs. 250,000 consisting of: Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs....

      

Bartenge Enterprises started business on 1st May 2014 with Shs. 250,000 consisting of:
Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs. 20,000.
The following transactions took place during the month of May.
3rd May 2014, Motor Van worth Shs. 85,000 and stock of Shs. 25,000 were bought on credit
6th May 2014, more stock worth shs.10,000 was bought by cash
9th May 2014, withdrew money from bank sh 50,000 for office use
15th May 2014, Sold stock at cost to a customer on credit for shs. 18,500
19th May 2014, received a cheque for the full settlement of a debt owed from the transaction of 15th may 2014
23rd May 2014, paid Shs. 65,000 by cheque for the motor van bought earlier on credit
31st May 2014, paid Shs. 20,000 cash for the stock bought on credit
Required:
Prepare the balance sheet of Bartenge Holdings as at 31st May 2014.

  

Answers


sharon
pic2920191151.png
sharon kalunda answered the question on September 2, 2019 at 08:52


Next: Unemployment solving has been an agenda to most developing economies. Identify the type of unemployment being solved below. (i) Government initiating irrigation projects to ensure...
Previous: Explain four reasons why upward communication should be encouraged in an organization.

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions