Enter the following transactions in the accounts: 2009 May 1 Started in business with 18,000 in the
Question:
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.
Step by Step Answer:
Business Accounting Uk Gaap Volume 1
ISBN: 9780273718765
1st Edition
Authors: Frank Wood, Alan Sangster