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Finis Time 2021 DESCRIPTION DEBIT CREDIT May Ksh Ksh 1Cash at bank 500.000 Jasmine Capital 500.000 Being capital introduced by Jasmine into the business 2Rent expense 20.000 Cash at bank 20.000 To record payment of rent expense for the month of May Sfatures and fittings 80.000 Accounts payable 80.000 To record the purchase of new fixtures on credit. 7Store supplies 40.000 Cash at bank 40.000 To record the purchase of store supplies 10Cash 28.000 Accounts receivable 6.500 34500 Fees earned Being fees earned for services rendered partly on cash basis and partly on credit 13Cast at bank 18.500 Feesamed 18.500 Being cash received for services rendered to client 1BAccounts payable 35.000 Cash at bank 35.000 Being partial settlement to the supplier for futures supplied on crede ons May 21Cash at bank 5500 Accounts receivable 5.500 Being amount received from debtors 25mine withdrawas 75.000 Cosh at bank 75.000 Being amount withdrawal by Jasmine for personale 31 Stores supplies expense 25.000 Stoces supplies 25.000 To record stores supplies consumed in the month i E (hp) Finis Time 2021 DESCRIPTION DEBIT CREDIT May Ksh Ksh 1Cash at bank 500.000 Jasmine Capital 500.000 Being capital introduced by Jasmine into the business 2Rent expense 20.000 Cash at bank 20.000 To record payment of rent expense for the month of May Sfatures and fittings 80.000 Accounts payable 80.000 To record the purchase of new fixtures on credit. 7Store supplies 40.000 Cash at bank 40.000 To record the purchase of store supplies 10Cash 28.000 Accounts receivable 6.500 34500 Fees earned Being fees earned for services rendered partly on cash basis and partly on credit 13Cast at bank 18.500 Feesamed 18.500 Being cash received for services rendered to client 1BAccounts payable 35.000 Cash at bank 35.000 Being partial settlement to the supplier for futures supplied on crede ons May 21Cash at bank 5500 Accounts receivable 5.500 Being amount received from debtors 25mine withdrawas 75.000 Cosh at bank 75.000 Being amount withdrawal by Jasmine for personale 31 Stores supplies expense 25.000 Stoces supplies 25.000 To record stores supplies consumed in the month i E (hp)

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