Open and maintain the ledger accounts of P Shortland based on the following transactions: 1 November 4
Question:
Open and maintain the ledger accounts of P Shortland based on the following transactions:
Transcribed Image Text:
1 November 4 November 7 November 12 November Paid 2,000 of own money into bank. Bought second-hand car for business use on credit from J Bellwood for 1,800. Withdrew 200 out of bank for use as petty cash. Paid Bellwood cheque 500 towards car purchase.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
1 Nov Capital 4 Nov J Bellwood 12 Nov B...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following trial balance was prepared from the ledger accounts of Klein Inc.: The accountant for Klein, Inc., made the following errors during May 2016: 1. The cash purchase of land for $3,000 was...
-
Develop a system for a business. I. Explain the business and its strategy. The business will be your choice, real or imaginary. Perform internal (capabilities, competencies) and external (industry)...
-
The draft statement of financial position of Telin plc at 30 September 20X5 was as follows: Preference shares of the company were originally issued at a premium of 2p per share. The directors of the...
-
The death of Steve Jobs in 2011 sent the world into mourning for the loss of a great innovator. No longer would the world witness Apples enthusiastic CEO clad in his characteristic black turtleneck...
-
Repeat Example 4-5 for the circular disk of charge of radius a, but in the present case assume the surface charge density to vary with r as where s0 is a constant. Ps = Psor (C/m),
-
(Pricing and marketing strategy problem) The I. Kruger Paint and Wallpaper Store is a large retail distributor of the Supertrex brand of vinyl wallcoverings. Kruger will enhance its citywide image in...
-
Describe the major functions of sales management.
-
The adjusted trial balance of Melanie O'Mallie Dance Studio Company follows: Requirements 1. Prepare the classified balance sheet of Melanie O'Mallie Dance Studio Company at August 31, 2018. Use the...
-
Consider the following information for Presidio Inc.'s most recent year of operations. $ Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per...
-
The following transactions relate to H Taylor, a customer of the firm, for February 2015. Construct the ledger account of Taylor for the following transactions and calculate the balance on his...
-
Ian Levinson is setting up his own business as a gentlemans barber. He has some of his own money and is going to borrow as well in order to get the business running. He wants you to construct a...
-
Construct a Venn diagram to determine whether the following statements are true for all sets A, B, and C. (A' B') = A B
-
If the dose rate from a sample of Ga-67 is 0.052 mSv per hour at a distance of 1.1 m, then what would be dose rate at 3.5 m ?
-
A 1.6x10^9 p/s point source of Po210-Be source of 4.5 MeV is stored behind a X cm of paraffin, the dose equivalent rate is not to exceed 0.10 mSvh-1h at a distance of 1m. What is the X cm needed to...
-
X 10 Let A = -9 y 7 4 Z 210 If the kernel of A contains the vector what are x, y, and z? -2
-
8-22. E.O.Q., Carrying cost = Storing cost + Interest. Following data are available with respect to a certain material. Annual requirement.......... Cost to place an order.. Annual interest rate. _...
-
A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the information from the job cost sheets from their first and only jobs so far: Job 1 Hours Total Cost...
-
a. Write the event that the outcome is "On" and "High" as an intersection of two events. b. Write the event that the outcome is "Low" or "Medium" as the complement of an event. Exercise 3.33 The...
-
If the cylinder described in Problem 21.3 were initially heated to 500F, how long would it take for the center of the cylinder to cool to 240F if it were constructed of a. Copper? b. Brass? c. Nickel?
-
A business provides the following figures. Property Equipment 54,000 8,200 1,150 15,900 Bank Loan Based on the above data ascertain the size of the capital of the business.
-
Complete the gaps in the table below: Assets 678 (a) (b) ? (c) 64,564 (d) 76,575 (e) 86,788 ? Liabilities 31,221 23,123 ? 11,200 31,231 Capital 33,343 76,990 54,693 ? ?
-
Complete the gaps in the table below: Assets Liabilities Capital (a) 12,231 ? 7,887 (b) 23,434 18,312 ? (c) ? 23,111 51,312 (d) 54,524 9,090 ? (e) 31,231 ? 20,022
-
Read the following and then answer the questions below:September 12: A Brisbane business offers by letter to sell 500 tyres to a New Zealand company. The Brisbane company does not specify a method of...
-
Fred returns home from work one day to discover his house surrounded by police. His wife is being held hostage and threatened by her captor. Fred pleads with the police to rescue her and offers...
-
Would like you to revisit one of these. Consideration must be clear and measurable.if you can't measure it then how can you show it has / has not been done?How can you sue someone for breach of...
Study smarter with the SolutionInn App