Enter the following transactions in the accounts of L Linda: 2007 July 1 Started in business with

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Enter the following transactions in the accounts of L Linda:

2007 July 

1 Started in business with £20,000 in the bank.

2 R Hughes lent us £5,000 in cash.

3 Bought goods on credit from B Brown £1,530 and I Jess £4,162.

4 Sold goods for cash £1,910.

6 Took £200 of the cash and paid it into the bank.

8 Sold goods on credit to H Rise £1,374.

10 Sold goods on credit to P Taylor £341.

11 Bought goods on credit from B Brown £488.

12 H Rise returned goods to us £65.

14 Sold goods on credit to G Pate £535 and R Sim £262.

15 We returned goods to B Brown £94.

17 Bought van on credit from Aberdeen Cars Ltd £4,370.

18 Bought office furniture on credit from J Winter Ltd £1,800.

19 We returned goods to I Jess £130.

20 Bought goods for cash £390.

24 Goods sold for cash £110.

25 Paid money owing to B Brown by cheque £1,924.

26 Goods returned to us by G Pate £34.

27 Returned some of office furniture costing £180 to J Winter Ltd.

28 L Linda put a further £2,500 into the business in the form of cash.

29 Paid Aberdeen Cars Ltd £4,370 by cheque.

31 Bought office furniture for cash £365.

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Business Accounting Uk Gaap Volume 1

ISBN: 9780273718765

1st Edition

Authors: Frank Wood, Alan Sangster

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