8 January Sue started the business with $10,000 in cash 9 January Borrowed a sum of $8,000 in cash from Samvel, $400 of which is repayable on the first of
8 January Sue started the business with $10,000 in cash 9 January Borrowed a sum of $8,000 in cash from Samvel, $400 of which is repayable on the first of every other month starting 1 February 1 February Repaid $200 in cash to Samvel 2 February Withdrew $300 cash from the business for her own use 3 February Bought a typewriter for $160 cash 4 February Bought goods on credit $3,500 5 February Sold goods for $3,200 cash 6 February Took for her own consumption goods which had cost $280 28 February Accrued interest expense of $40 28 February Closing inventory was $720 Required Prepare: (i) general journal for the transactions; (ii) ledger accounts showing descriptions and balances; (iii) a trial balance; BUT WE HAVE COMPLETED ONLY 9 CHAPTERS IN PRINCIPLES OF ACCOUNTING BY Marian Powers, Susan V Crosson, Belverd E Needles, so assuming this information we have to create general journal
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