Record the following transactions that took place in Otiende traders from 21^st august to 24^th August 2018 in the general journal. 201821^st Aug: Bought...

Record the following transactions that took place in Otiende traders from 21^st august to 24^th August 2018 in the general journal.
2018
21^st Aug: Bought furniture from Lowoi furniture mart at Sh 60,000 on credit
22^nd Aug: Sold an old machinery on credit to Muchina at Sh. 90,000
23^rd Aug: Bought a lawn mower from Farm Machines on credit Sh. 80,000
24^th Aug: Purchased a water tank worth Sh. 140,000 on credit from Kentank ltd

---

---

Kavungya answered the question on June 4, 2019 at 06:33

Exams With Marking Schemes

• Grade 1
• Grade 2
• Grade 3
• Grade 4
• Grade 5
• Grade 6
• Grade 7
• Grade 8
• Grade 9
• PP1
• PP2
• Playgroup
• Form 1
• Form 2
• Form 3
• Form 4

Related Questions

---

• State four items of information one can obtain from an insurance policy. (Solved)
  

  State four items of information one can obtain from an insurance policy.

  Date posted: June 4, 2019 .    Answers (1)

• Highlight four factors which may have led to a shift in the supply curve as illustrated below. (Solved)
  

  Highlight four factors which may have led to a shift in the supply curve as illustrated below.
  

  Date posted: June 4, 2019 .    Answers (1)

• Highlight four channels that a fish farmer may use to distribute her produce in a local market. (Solved)
  

  Highlight four channels that a fish farmer may use to distribute her produce in a local
  market.

  Date posted: June 4, 2019 .    Answers (1)

• The following information relates to four businesses A, B, C and D. Fill in the missing figures. (Solved)
  

  The following information relates to four businesses A, B, C and D. Fill in the missing figures.
  

  Date posted: June 4, 2019 .    Answers (1)

• By aid of a diagram, outline the circular flow of income in a two sector economy. (Solved)
  

  By aid of a diagram, outline the circular flow of income in a two sector economy.

  Date posted: June 4, 2019 .    Answers (1)

• Draw a well labeled diagram to show the effect of increase in demand and increase in supply on equilibrium point, equilibrium price and equilibrium quantity. (Solved)
  

  Draw a well labeled diagram to show the effect of increase in demand and increase in supply on
  equilibrium point, equilibrium price and equilibrium quantity.

  Date posted: May 22, 2019 .    Answers (1)

• The following transactions were extracted from the books of Furaha retailers. (Solved)
  

  The following transactions were extracted from the books of Furaha retailers.
  April 1.Balance brought forward cash ksh 1,900 cash at bank ksh. 6500.
  April 3.Sold goods in cash ksh. 1,200.
  April 5. Paid transport by cheque ksh. 2,050.
  April 7.Bought goods worth ksh.2,500 in cash less 5% cash discount.
  Apri l 10.Paid postage charges by cheque ksh.3,000.
  April 12.Furaha deposited ksh.600 from cash till to the business bank account.
  April 13.Bought goods ksh .8400 by cheque.
  April 15. Sold some old furniture for ksh 3,900 and received the money by cash.
  April 17.Brought a table to be used in the business whose value was ksh.1,800.
  April 18.Paid electricity bill by cheque ksh.2,100.
  April 20.Sold goods goods against a cheque for ksh.6,600 whose value was ksh.6,850.
  April 21.Took cash ksh 400 for family use..
  April 26.Sold goods on credit to Kamani valued at ksh 4,500.
  April 28.Received cash ksh.1,500 from Bidii stores.
  April 30.Deposited all cash with the bank except ksh.3,525.
  Required to prepare a three column cash book duly balanced.

  Date posted: May 22, 2019 .    Answers (1)

• Explain five documents used in home trade that are prepared by the buyer. (Solved)
  

  Explain five documents used in home trade that are prepared by the buyer.

  Date posted: May 22, 2019 .    Answers (1)

• The following balances were extracted from the books of Kasuku traders on 30^th June 2018. The following transactions took place in the month of July 2018. July... (Solved)
  

  The following balances were extracted from the books of Kasuku traders on 30^th June 2018.
  
  The following transactions took place in the month of July 2018.
  July 10 Kasuku traders received ksh. 15,000 from a debtor by cheque.
  July 15 Bought more furniture worth ksh. 2,500 and paid in cash.
  July 20 Took goods worth 14,000 for home use.
  Required.Prepare a balance sheet as at 30^th July 2018.

  Date posted: May 22, 2019 .    Answers (1)

• Mention the four elements of transport . (Solved)
  

  Mention the four elements of transport .

  Date posted: May 22, 2019 .    Answers (1)

• Name four documents required by the registrar of companies in order to register a Public Limited Company (Solved)
  

  Name four documents required by the registrar of companies in order to
  register a Public Limited Company

  Date posted: May 22, 2019 .    Answers (1)

• State four ways in which human resource can positively influence the internal environment of a business (Solved)
  

  State four ways in which human resource can positively influence the
  internal environment of a business

  Date posted: May 22, 2019 .    Answers (1)

• Below is a diagram of demand and supply curve Highlight four factors that may have led to the above behavior (Solved)
  

  Below is a diagram of demand and supply curve
  
  Highlight four factors that may have led to the above behavior

  Date posted: May 22, 2019 .    Answers (1)

• Outline four ways in which utility of a good is created in production (Solved)
  

  Outline four ways in which utility of a good is created in production

  Date posted: May 22, 2019 .    Answers (1)

• The following balances relates to the retail business of Omondi for the month of July 2012. (Solved)
  

  The following balances relates to the retail business of Omondi for the month of July 2012.
  
  Sales 50,000
  
  Expenses 10% of sales
  
  Cost of goods sold 40,000
  
  Calculate:
  
  (i) Mark up. (1 mark)
  
  (ii) Margin. (1 mark)
  
  (iii) Total expenses. (1 mark)
  
  (iv) Net profit

  Date posted: May 21, 2019 .    Answers (1)

• Outline four features of direct production. (Solved)
  

  Outline four features of direct production.

  Date posted: May 21, 2019 .    Answers (1)

• Kiganjo Traders had the following balances as at 31st December, 2014 (Solved)
  

  Kiganjo Traders had the following balances as at 31st December, 2014
  
  
  
  Determine the profit for the year.

  Date posted: May 21, 2019 .    Answers (1)

• State the best type of machine one would use to perform the following tasks. (Solved)
  

  State the best type of machine one would use to perform the following tasks.
  
  

  Date posted: May 21, 2019 .    Answers (1)

• The accounts of Hakuna Matata Traders showed the following balances on 1st January 2014 (Solved)
  

  The accounts of Hakuna Matata Traders showed the following balances on 1st January 2014
  
  
  Required:
  
  Record the above transactions in the relevant ledger accounts and balance the accounts on 31stJanuary 2014

  Date posted: May 21, 2019 .    Answers (1)

• The following balances were extracted from books of Masaku Traders for the year ended 31/12/2004 (Solved)
  

  The following balances were extracted from books of Masaku Traders for the year ended 31/12/2004
  
  
  
  Prepare
  (i) Profit and loss a/c for the year ended 31/12/2004

  Date posted: May 21, 2019 .    Answers (1)