QUESTION:1 Draw a trial balance of john ltd and post the following items; ₦
Purchase 10,000
...
QUESTION:1 Draw a trial balance of john ltd and post the following items; ₦
Purchase 10,000
Capital 30,000
Land and building 6,500
Machinery 4,200
Wages 300
Sales 8,000
Stock 4,000
Insurance 600
Drawings 2,000
Rent receivable 4,000
Rent 3,500
Bill payable 2,100
Bill receivable 1,400
Profit Bought Forward ¬¬¬ 1,500
Equipment 13,000
Cash 4000
Bank 8,500
Creditors 10,000
Debtors 6,800
Carriage outward 300
Return inward 400
Return outward 300
Loan 5,000
Interest on loan 600
Bank overdraft 1,000
Answers: 3
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