The following transactions took place in the business of Darasile Traders in Kisumu year 2013.July 1^st: Started business with capital in cash Kshs.150,000.July 2^th: Opening...

The following transactions took place in the business of Darasile Traders in Kisumu year 2013.

July 1^st: Started business with capital in cash Kshs.150,000.
July 2^th: Opening a bank account and deposited Kshs.30,000.
July 3^th: Bought buildings in cash Kshs.60,000.
July 4^th: Borrowed a loan in cash Kshs.20,000.
July 5^th: Bought stationery by cheque worth Kshs.6,000.
July 6^th: Repaid part of the loan by cheque Kshs.10,000.

Required:
(i) Record the above transactions in their various ledger accounts.
(ii) Prepare a trial balance.

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sharon kalunda answered the question on September 4, 2019 at 09:52

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