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Prepare journal entries, t-accounts, trial balance, income statement (Assuming closing inventory of 300) and balance...

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Accounting

Prepare journal entries, t-accounts, trial balance, income statement (Assuming closing inventory of 300) and balance sheet statementimage

PART A Jill commences trading lst September 2017 preparing accounts to 30th September 2018. Her transactions in first month were as follows: 1/09 Started business with 3,000 in the Bank and 800 cash 2/09 Purchased goods 900 on credit from Ron 3/09 Bought Computer 800 paying by cheque 5/09 Sold goods for 500 and received the money in Bank 6/09 Bought goods on cash 400 from C Jones 10/09 Paid rent by cheque 300 12/09 Bought stationery 100 paying in cash 18/09 Goods returned to Ron 100 21/09 Let off part of the premises receiving rent by cheque 100 23/09 Sold goods on credit to Bill 400 23/09 Sold goods of 1500 and received cash 24/09 Bought 30/09 Paid the month's wages by cash 400 30/09 Jil took cash for herself 550 a car for business use paying by cheque E900

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