Write up the asset and liability and capital accounts to record the following transactions in the records
Question:
Write up the asset and liability and capital accounts to record the following transactions in the records of J. Beach.
2013 July
Transcribed Image Text:
1 Started business with 62,000 in the bank. 2 Bought office furniture by cheque 3,700. 3 Bought computers 1,710 on credit from VPC Ltd. 5 Bought a van paying by cheque 9,800. 8 Sold some of the office furniture - not suitable for the business - for 450 on credit to D. Bush & Sons. 15 Paid the amount owing to VPC Ltd 1,710 by cheque. 23 Received the amount due from D. Bush & Sons 450 by cheque. 31 Bought machinery by cheque 310.
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The provided information outlines a series of transactions that took place within the business of J Beach When recording these transactions we will fo...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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