On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are: Purchase Furniture for Cash Rs. 7,000. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000. Owner withdrew of worth Rs. 2,000 for personal use. Paid Khalid Retail Store Rs. 500. Received Rs. 10,000 from Khan Brothers. Paid Salaries Expense Rs. 2,000 Prepare basic transactions using National Accounts Chart (NAC)

A company reported the following transactions. Journalize transactions that should be recorded in a cash receipts journal. July 1 Smith, the owner, contributed $13,300 cash to the company. July 6 Sold merchandise costing $1,800 to Garcia for $2,030 on credit, terms n/20. July 8 Purchased merchandise for $10,600 on credit from Jones, terms n/30. July 23 Sold merchandise costing $1,030 to Taylor for $1,080 cash. July 25 Received $2,030 cash from Garcia in payment of the July 6 purchase. July 27 Purchased $565 of supplies on credit from a company, terms 1/10, n/30. July 30 Borrowed $9,800 cash in exchange for a note payable to a bank. Date July 01 July 06 July 08 July 23 July 25 July 27 July 30 Account Credited Smith, Capital Garcia Jones Cash Debit 13,300 CASH RECEIPTS JOURNAL Accounts Sales Discount Debit Receivable Credit 2,030 Sales Credit Other Accounts Credit Cost of Goods Sold Debit Inventory Credit 1,800

Sydney returns $1,300 of the $29,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $871. Note: Enter debits before credits.         Date General Journal Debit Credit May 12

Enter the following transaction in the records and extract a trial balance for the month ended 31 January 2013.               January  1:      Started business with Kshs.6,000in the bank and 5,000 in cash             January  2        Bought goods on credit from Ndung'u Kshs.2,700             January  3:      Bought goods on credit form S. Muigai Kshs.750             January  5:      Bought goods for cash Kshs.540             January  6:      We returned goods to Ndung'u Kshs.120             January  8:      Bought goods on credit from S. Muigai Kshs.570             January 10:     Sold goods on credit to K. Mwaniki Kshs.1,170             January 12:     Sold goods for cash Kshs.630             January 18:     Took Kshs.900 of the cash and paid it to the bank             January 21:     Bought machinery by cheque Kshs.1,650             January 22:     Sold goods on credit to M. Otieno Kshs.660             January 23:     K. Mwaniki returned goods to us Kshs.420             January 25:…