On 1st July 2012, Meru traders had the following balances: ...

On 1st July 2012, Meru traders had the following balances:

shs.
Computer................ 45,000
Capital ................136,000
Creditors ..............20,000
Furniture.............. 80,000
Bank ..................26,000
Cash................... 5,000

The following transactions took place on 2nd July 2012 :
- purchased a motor van for sh.400,000 on credit from Shah motors
- paid a creditor sh. 13,000 by cheque
- bought furniture for sh.8000 by cheque

Prepare a balance sheet as at 2nd July 2012 after the above transactions had taken place.

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sharon kalunda answered the question on September 3, 2019 at 11:35

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