Enter the following transactions in double entry: July 55 55 55 55 55 55 55 55 55
Question:
Enter the following transactions in double entry:
July 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 1 Started business with £8,000 in the bank.
2 Bought stationery by cheque £30.
3 Bought goods on credit from I Walsh £900.
4 Sold goods for cash £180.
5 Paid insurance by cash £40.
7 Bought machinery on credit from H Morgan £500.
8 Paid for machinery expenses by cheque £50.
10 Sold goods on credit to D Small £320.
11 Returned goods to I Walsh £70.
14 Paid wages by cash £70.
17 Paid rent by cheque £100.
20 Received cheque £200 from D Small.
21 Paid H Morgan by cheque £500.
23 Bought stationery on credit from Express Ltd £80.
25Sold goods on credit to N Thomas £230.
28 Received rent £20 in cash for part of premises sub-let.
31 Paid Express Ltd by cheque £80.
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