Prepare trial balance dated 31 March. The following transactions of Suzanne Ltd took...
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Accounting
Prepare trial balance dated 31 March.
The following transactions of Suzanne Ltd took place during its first month of operations. Mar-1 Started business with $380,000 in cash Mar-2 Bought goods on credit from Anson Ltd $130,000 Mar-3 Paid rent by cash $8,700 Mar-4 Paid $100,000 of the cash of the firm into a bank account Mar-5 Sold goods on credit to Esther Ltd $10,025 Mar-7 Bought stationery $105, paid by cheque Mar-11 Cash sales $5,000 Mar-14 Goods returned by us to Anson Ltd $3,000 Mar-16 Suzanne paid Anson Ltd $50,000 by cheque. Mar-20 Paid for repairs to building by cash $2,046 Mar-22 Esther Ltd returned goods to us $1,005 Mar-27 Esther Ltd paid Suzanne Ltd $8,500 by cheque. Mar-28 Cash purchases $5,000 Mar-29 Bought a motor van paying by cheque $35,000 Mar-30 Paid motor expenses in cash $15,000 Mar-31 Bought fixtures $20,000 on credit from Brandon Furniture Ltd
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