Record the following entries in a journal for the year 2011. - On May 1^st bought a vehicle on credit from Kenya motors for Kshs 96,000. -...

      

Record the following entries in a journal for the year 2011.
- On May 1^st bought a vehicle on credit from Kenya motors for Kshs 96,000.
- On May 3^rd a debt of Kshs 6,000 owing from John was written off as a bad debt.
- On May 8^th credit purchase of furniture for 12,500 was returned to the supplier BB ltd as it was unsuitable and full allowance will be given.
- On May 12^th a Ken a debtor who owed us Kshs 4,000 was declared bankrupt and we received Kshs 1050 in full settlement of the debt.
- On May 14^th we take goods costing Kshs 3,500 out of the business stock without paying for them.
- On May 28^th we discovered that Kshs 1,500 of the insurance paid, belonged to private use.
- On May 30^th bought machinery for Kshs 25,000 on credit from Electronics ltd.

  

Answers

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Kavungya answered the question on August 17, 2021 at 08:32

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