Question

Section C: MCS-035: Accountancy and financial Management

Post the following transactions of a medical company to prepare the journal, ledger and trial balance:

July 2023	Transaction	Amount
5 th July	Started business with cash	1,50000.00
10th July	Deposited in the bank	30,000.00
15th July	Purchased furniture from distributors on credit	60,000.00
18th July	Purchased medical equipment on cash	60,000.00
20th July	Purchase Computer and other related items with cash	75,000.00
22nd July	Sold medicines for cash	45,000.00
25th July	Sold medicine on credit	60,000.00
27th July	Paid salary to staff	35,000.00
31st July	Paid rent	25,000.00