CURTIS KIBANYA

21/08155
Bank account:
January 1: started business with ksh 6000 in the bank
January 18: took ksh 900 of the cash and paid it in the bank
January 21: bought machinery by cheque Ksh 1650
January 29: we paid Ndung’u by cheque ksh 2580

Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 1 Starting balance 6,000 6,000

Jan 18 Cash withdrawal 900 5,100

Jan 21 Machinery Purchase 1,650 6,750

Jan 29 Payment to Ndung'u 2,580 4,170

Cash account:

January 1: started business with 5000 in cash

January 5: bought goods for cash ksh 540
January 12: sold goods for cash ksh 630
 Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 1 Starting balance 5,000 5,000

Jan 5 Goods Purchase 540 4,460

Jan 12 Goods Sale 630 3,830

Accounts Payable (Ndung'u and S. Muigai):

 January 2: Bought goods on credit from Ndung'u Kshs.2,700.
 January 3: Bought goods on credit from S. Muigai Kshs.750.
 January 6: Returned goods to Ndung'u Kshs.120.
 January 8: Bought goods on credit from S. Muigai Kshs.570.
 January 28: We returned goods to S. Muigai Kshs.90.


Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 2 Goods Purchase from Ndung'u 2,700 2,700

Jan 3 Goods Purchase from S. Muigai 750 750

Jan 6 Goods Return to Ndung'u 120 630

Jan 8 Goods Purchase from S. Muigai 570 570

 Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 28 Goods Return to S. Muigai 90 480

Purchases Account:
 January 2: Bought goods on credit from Ndung'u Kshs.2,700.
 January 3: Bought goods on credit from S. Muigai Kshs.750.
 January 8: Bought goods on credit from S. Muigai Kshs.570.
 January 31: Bought machinery on credit from Kinuthia Kshs.810.

Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 2 Goods Purchase from Ndung'u 2,700 2,700

Jan 3 Goods Purchase from S. Muigai 750 750

Jan 8 Goods Purchase from S. Muigai 570 1,320

Jan 31 Machinery Purchase from Kinuthia 810 2,130

Sales account:
January 10: sold goods on credit to K. Mwaniki ksh 1170
January 12: sold goods for cash ksh 630
January 22: sold goods on credit to M. Otieno ksh 660
 Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 10 Sale to K. Mwaniki 1,170 1,170

Jan 12 Cash Sale 630 1,800

Jan 22 Sale to M. Otieno 660 2,460

K. Mwaniki Account:
 January 10: Sold goods on credit to K. Mwaniki Kshs.1,170.
 January 23: K. Mwaniki returned goods Kshs.420.

Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 10 Sale on credit 1,170 1,170

Jan 23 Goods Return 420 750

M. Otieno Account:
 January 22: Sold goods on credit to M. Otieno Kshs.660.
 January 25: M. Otieno returned goods Kshs.30.

Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

Jan 22 Sale on credit 660 660

Jan 25 Goods Return 30 630

Kinuthia account:
January 31: bought machinery on credit from kinuthia ksh 810.