Use the following information to answer the question given

$\begin{array}{c|c} \text{Jan. 1} & \text{₦}\\ \hline \text{1/1/08 Capital introduced by cash} & 50,000 \\ \text{2/1/08 Bought goods for retail by cash} & 10,000\\ \text{3/1/08 Sold fixtures by cash} & 5,000\\ \text{4/1/08 Sold goods to Lagbaja on credit} & 3,000\\ \text{5/1/08 Bought goods on credit from Tamedu}& 8,000\end{array}$

Cash balance at 5/1/08 is

Similar Questions

Purchases of fixtures and fittings by a club is recorded in the ...

Sales N20,000 Cost sales N10,000 Operating expenses N2,500 Expenses prepaid included  in op...

Which of the following is a real account item? ...

Where fixed capital account is maintained, partners Share of profit is transferred to the ...

An item credited in the bank statement but yet to be recorded in the firm's cash book is ...

A company operating a chain of retail provision stores invoices goods to the branches at cost plus a...

Assuming the closing stock was valued at N19,000 at the end of November, what was the gross profit? ...

Palaju Enterprises had fixed assets costing N900,000 with provision for depreciation of N150,000 wer...

i. Operating machines ii. Furniture iii. Fixtures and fitting iv. Loan from friends V. Creditors...

The production cost of a manufacturing firm is made up of  ...