Use the following information to answer the question given
Jan. 1 | ₦ |
---|---|
1/1/08 Capital introduced by cash | 50,000 |
2/1/08 Bought goods for retail by cash | 10,000 |
3/1/08 Sold fixtures by cash | 5,000 |
4/1/08 Sold goods to Lagbaja on credit | 3,000 |
5/1/08 Bought goods on credit from Tamedu | 8,000 |
Cash balance at 5/1/08 is
Use the following information to answer the question given
Jan. 1 | ₦ |
---|---|
1/1/08 Capital introduced by cash | 50,000 |
2/1/08 Bought goods for retail by cash | 10,000 |
3/1/08 Sold fixtures by cash | 5,000 |
4/1/08 Sold goods to Lagbaja on credit | 3,000 |
5/1/08 Bought goods on credit from Tamedu | 8,000 |
Balance in Purchases account at 5/1/08 is