Enter the following transactions in the accounts: 2009 May 1 Started in business with 18,000 in the

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Enter the following transactions in the accounts:

2009 May 

1 Started in business with £18,000 in the bank.

2 Bought goods on credit from B Hind £1,455.

3 Bought goods on credit from G Smart £472.

5 Sold goods for cash £210.

6 We returned goods to B Hind £82.

8 Bought goods on credit from G Smart £370.

10 Sold goods on credit to P Syme £483.

12 Sold goods for cash £305.

18 Took £250 of the cash and paid it into the bank.

21 Bought a printer by cheque £620.

22 Sold goods on credit to H Buchan £394.

23 P Syme returned goods to us £160.

25 H Buchan returned goods to us £18.

28 We returned goods to G Smart £47.

29 We paid Hind by cheque £1,373.

31 Bought machinery on credit from A Cobb £419.

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Business Accounting Uk Gaap Volume 1

ISBN: 9780273718765

1st Edition

Authors: Frank Wood, Alan Sangster

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