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Mwananchi traders had the following account balances as at 1st January 2013. Cash Ksh 2,900 Bank Ksh 65,400

      

Mwananchi traders had the following account balances as at 1st January 2013.
Cash Ksh 2,900
Bank Ksh 65,400
Debtors accounts: Creditors accounts:
Benson Ksh 12,000 Unity Ltd Ksh 6,000
Nathan Ksh 28,000 ABC Ltd Ksh 44,000
Dennis Ksh 4,000 Riper Ltd Ksh 10,000
The following transactions also took place in the month of January;
02/01/2013: Benson cleared his account by cheque after deducting 8% cash discount.
08/01/2013: Mwananchi traders paid Riper Ltd by cheque less 5% cash discount.
11/01/2013: Made drawings for Ksh 10,000 from the bank for business use.
16/01/2013: Nathan paid us his amount due by cash after deducting 3% discount allowed.
25/01/2013: Mwananchi traders paid office expenses in cash for Ksh 9,200.
28/01/2013: Dennis settled his account by cash.
29/01/2013: Paid Unity Ltd the amount due by cheque.
30/01/2013: Paid ABC Ltd partly Ksh 40,000 by cheque.
Prepare sales, purchases and general ledger books for the above information.

  

Answers


Kavungya
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Kavungya answered the question on August 17, 2021 at 08:56


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