Reference no: EM133056018

Question - The following were the transactions of XYZ ltd for the month of January

i) On January 1st XYZ ltd started the business with cash of UGX 2,000,000 and money at the bank of UGX 3,000,000.

ii) 3rd Jan Purchased goods for UGX 600,000 cash.

iii) 6th Jan Bought a Motor vehicle for UGX 1,500,000 by cheque.

iv) 7th Jan Sold goods for UGX 300,000 cash.

v) 15th Jan Purchased more goods on credit from TK ltd worth UGX 500,000.

vi) 20th Jan obtained a bank loan of UGX 3,000,000 cash.

vii) 23rd Jan Sold goods for UGX 200,000 on credit to Mary.

viii) 25th Jan Mary paid UGX 80,000 cash.

ix) 26th Jan Sold goods on credit to Peter for UGX 100,000.

x) 29th Jan purchased goods from John on credit for UGX 300,000.

Required - Enter the transactions in the General Journal?