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The Company started started its business boy issuing 10,000 share for es each

Accounting

The Company started started its business boy issuing 10,000 share for es each. The share money received were deposited into the bank account. 02 Jan 2019 The Company hired a staff with the following salary pakages Accountant E 1500/- a month Operatonal Staff E 5000/- 2 month persons, E3,000 each Helping staff E 2000/ a month (4 (ersons, ESO, each person) 04 Jan 2019 - The company purchased inventory for £10,000 paying E5,000 in cash and and remaing £5,000 on credit from Fulton Ltd. 08 Jan 2019 - The Company purchased Office Equipments for £15,000/-on credit from Index Furniture 10 Jan 2019 - The Company purchased Computers for its employees costing 5000 and paid through cheque 11 Jan 2019 - The Company Leaased a delivery van from the bank, the market value of the car is £20,000 and company paid 20% down payment. Monthly intallments are (1,000 a month to be paid at the end of the month, 5% interest is included in the installment payment 12 Jan 2019 - The company received its first order from the client BZD Ltd. for £2,500, goods delivered to the client and received a cheque and banked it. The o company sets all its inventory at a profit margin of 40% 15 Jan 2019 - The Company paid E500 for the fuel and repair and maintenance of the delivery van. 18 Jan 2019 - The Company received another oder for E1500 from Zayabled. Goods delivered and cheque received and hanked. 25 Jan 2019 - Cheque paid to Index Furniture for £10,000 0 31 Jan 2019 Accrued Office Rent 1,000 1 31 Jan 2019 - Paid monthly installment of the delivery van. 2 31 Jan 2017 Accrued utlities for the month of Jan for £1,000 31 Jan 2017 - Accrued Salaries & Wages for the month. You are required to: 25 56 1. Record journal entries to approriate chart of accounts 2. Prepare Ledger accounts 4. Prepare trial balance as at 31 Jan 2019 22 20

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