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The following balance sheet relates to Jubilee traders. The following transactions took place during the month of April 2011. (i)Received cash Kshs 15,000 from debtors (ii)Paid creditors Kshs...

      

The following balance sheet relates to Jubilee traders.
fig7925920191611.png
The following transactions took place during the month of April 2011.
(i)Received cash Kshs 15,000 from debtors
(ii)Paid creditors Kshs 10,000 cash
(iii)Bought office furniture for Kshs 20,000 cash.
Prepare a balance sheet as at 30th April 2011.

  

Answers


Kavungya
fig7825920191605.png
Cash-25,000+15000=40,000
Debtors reduced-20,000-15,000=5,000
Creditor paid -10,000-10,000=0
Cash reduced-40,000-10,000=30,000
Assets acquired-20,000
Cash reduced-30,000-20,000=10,000
Kavungya answered the question on September 25, 2019 at 13:13


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