Write up the accounts to record the following transactions: 2007 March 1 Started business with 750 cash
Question:
Write up the accounts to record the following transactions:
2007 March 1 Started business with £750 cash and £9,000 in the bank.
2 Received a loan of £2,000 from B Blane by cheque.
3 Bought a computer for cash £600.
5 Bought display equipment on credit from Clearcount Ltd £420.
8 Took £200 out of the bank and put it in the cash till.
15 Repaid part of Blane’s loan by cheque £500.
17 Paid amount owing to Clearcount Ltd £420 by cheque.
24 Repaid part of Blane’s loan by cash £250.
31 Bought a printer on credit from F Jones for £200.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Accounting Uk Gaap Volume 1
ISBN: 9780273718765
1st Edition
Authors: Frank Wood, Alan Sangster
Question Posted: