Below is a list of transactions undertaken by Karen traders in the month ofFebruary 2011:Feb 1 Started business with 80,000 cash and 120,000 in bankFeb 2 Borrowed 50,000 cash from a friend NgonguFeb 3 Bought goods on credit from Bomas 17,000Feb 4 Bought office furniture 21,000 paying by chequeFeb 5 Sold goods on credit to Rongai, 9,000Feb 6 Sold goods for Cash 5,000Feb 7 Borrowed 50,000 from the bank in cash.Feb 8 Deposited 10,000 cash into the bank account.Feb 9 Karen traders bought in additional capital of 65,000 anddeposited it into the bank account.Required:i) Record these transactions using double entry rules. (3 marks)ii) Balance – off the accounts (3 marks)iii) Extract a trial balance as at February 9, 2011

The following transactions are given May      1: Business started with cash of 150002: Goods purchased for cash 50003: Purchased goods from Mr. Agrawal 10005: Paid to Mr. Agrawal 10009: Paid for postage 12011: Deposited into bank 700014: Sold goods on credit to Ram 150015: Received cash from Ram 100019: Paid telephone charges of 6024: Purchased Furniture 3000029: Cash sales 90030: Received from Ram 50031: Paid salaries for the month of 15031: Purchase government securities 50031: Paid for advertising by cheque 150Required:  Journal Entries

Started business with Kshs. 600,000 in the bank and 500,000 in cash2 Bought goods on credit from Ndung'u Kshs. 270,0003: Bought goods on credit form S. Muigai Kshs. 75,0005: Bought goods for cash Kshs. 54,0006: We returned goods to Ndung'u Kshs. 12,0008: Bought goods on credit from S. Muigai Kshs. 57,00010: Sold goods on credit to K. Mwaniki Kshs. 117,00012: Sold goods for cash Kshs. 63,00018: Took Kshs.900 of the cash and paid it to the bank21: Bought machinery by cheque Kshs. 165,00022: Sold goods on credit to M. Otieno Kshs. 66,00028: We returned goods to S. Muigai Kshs. 9,00029: We paid Ndung'u by cheque Kshs. 258,00031: Bought machinery on credit from Kinuthia Kshs.81,000Requiredi. Enter the transactions in the relevant ledger accounts. (8 Marks)ii. Balance off the ledger accounts and extract a trial balance. (7 Marks)

Mary Anyango had a cash balance of Sh 7,050 on March 1, 2018 in herM-Pesa Cash account. Mary Anyango uses Lipa-na-Mpesa for allbusiness transactions. During the month she had the followingtransactions;Date Transaction Amount (Sh)March 2 Bought goods for sales from Patel 1,000March 5 Paid rent 500Cuea/ACD/EXM/APRIL 2018/ACCOUNTING AND FINANCE Page 4ISO 9001:2008 Certified by the Kenya Bureau of StandardsMarch 14 Received a loan from Wamama Table banking 4500March 16 Business sale 3300March 23 Took cash for personal use 750March 24 Paid Patel 800March 26 Business sales on credit to Okal 1800March 29 Paid for advertising posters 300Required;Prepare and balance off Anyango’s M-Pesa Cash account at 31 March 2018

Too started business with capital of kh120,000, cash in bank 50,000, cash on hand Kshs30,000,stock 40,000 .The following transaction took place in the month of May 2020.Date Kshs.1. Bought goods from JUMA 15,0002. Bought goods from Soni 35,0003. sold goods bob 60, 0005.Sold goods to Sam 25,0006.Goods returned to Juma 3,0007. Sam returned goods 3,35010. Paid Juma by cheque as full settlement 13,00017. Received cheque from Sam as full settlement of hisaccount 24,00019. Bought goods cash 20,000CUEA/ACAD/EXAMINATIONS/DIRECTORATE OF EXAMINATIONS & TIMETABLING Page 2ISO 9001:2015 Certified by the Kenya Bureau of Standards.20. Sold goods cash 30,00023. Withdrew cash for his use 2,00026. Took goods for his use 3,00028. Banked cash 2,00029. Paid telephone cash 2,00030. Paid electricity cash 1,00030. Paid carriage inward 1,30030. Paid carriage outward 1,500Additional informationClosing stock kshs 20,000Required;i) Enter the above in ledgers and books of prime entry .ii) Extract the trial balancesiii) Prepare trading profit and loss account and the balance sheet

Bayani Corp has the following information relating to cash at December 31, 2011:Bank statement balance 2,500,000Checkbook balance                                               2,600,000Deposits in transit                                                     700,000Outstanding checks                                                 200,000Bayani's December 31, 2011 Balance Sheet should report cash as: