Chee Yong Chaw began his business on 1 July 2019. The business balances its books at monthend

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Chee Yong Chaw began his business on 1 July 2019. The business balances its books at month‐end and uses special journals and the periodic inventory system. Transactions for July 2019 were as follows (ignore GST).

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(a) Prepare journal entries for July 2019, using appropriate journals.

(b) Prepare the following ledger accounts (T format) for July 2019:

i. Accounts Receivable Control 

ii. Accounts Payable Control 

iii. Cash at Bank iv. Purchases.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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