Write up the accounts to record the following transactions: 2010 March 1 Started business with 750 cash
Question:
Write up the accounts to record the following transactions:
2010 March
Transcribed Image Text:
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. 8 5 Bought display equipment on credit from Clearcount Ltd 420. Took 200 out of the bank and put it in the cash till. Repaid part of Blane's loan by cheque 500. Paid amount owing to Clearcount Ltd 420 by cheque. 24 Repaid part of Blane's loan by cash 250. 15 17 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:
Answer rating: 33% (3 reviews)
Based on the information provided in the image lets record the transactions for the month of March 2010 We will make journal entries for each transact...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
Question Posted:
Students also viewed these Business questions
-
The statement of financial position of Beta Ltd as at 30 June 20X2 shows motor vehicles as follows: Motor vehicles at cost....................................61,850 Less:...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Capital budgeting for a foreign project is considerably more complex than the domestic case. What are the factors that add complexity?
-
A spring has k = 88 N/m. Use a graph to determine the work needed to stretch it from x = 3.8cm to x = 5.8cm, where x is the displacement from its unstretched length.
-
Kathy left her classic 1978 Volkswagen convertible at Freddies Service Station, requesting a tune-up. When she returned that evening, Freddies bill was Chapter 15 Consideration 345 $374. Kathy stated...
-
Variance analysis is an integral part of standard costing. Explain.
-
If you were trying to assess the financial health of a government administered pension plan, which financial statements or schedules would you review and why?
-
Homework Chapter 2 The Palestinian Housing Authority, a governmental entity, accounts for its activities on a modified accrual basis of accounting. In the current period, it reports the following...
-
Write up a two-column cash book for a pine furniture shop from the following details, and balance it off as at the end of the month: 2012 May 1 Started in business with capital in cash 5,000. 2 Paid...
-
Write up the asset, capital and liability accounts in the books of D. Gough to record the following transactions: 2012 June 1 Started business with 16,000 in the bank. 2 Bought van paying by cheque...
-
Suggest response check boxes for these questions. In each case, what difficulties do you encounter as you try to think of appropriate check boxes? a. Where are you employed? b. What is the biggest...
-
Dr. Burgess oversees the pharmacy center within Hughes Regional Hospital. Dr. Burgess is planning on purchasing two medication dispensing units which she wants to pay back in a short-term period. The...
-
On January 1, 2021, Wetick Optometrists leased diagnostic equipment from Southern Corp., which had purchased the equipment at a cost of $1,831,401. The lease agreement specifies six annual payments...
-
Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Whatis late and Address Payroll information A -...
-
Image caption
-
Jamie Lee and Ross, now 57 and still very active, have plenty of time on their hands now that the triplets are away at college. They both realized that time has just flown by, over twenty-four years...
-
What is one example of mutualism? Of parasitism?
-
Q:1 Take any product or service offered in Pakistan and apply all determinents of customer Perceived value ?
-
The trial balance of Outsize Books Ltd revealed a difference in the books. In order that the error(s) could be located it was decided to prepare purchases and sales ledger control accounts. From the...
-
Prepare a sales ledger control account from the following information for October 20X6, carrying down the balance at 31 October: 20X6 Oct Oct Sales ledger balances 31 Sales journal Bad debts written...
-
From the following figures, compile debtors ledger and creditors ledger control accounts for the month, and ascertain what the net balances of the respective ledgers should be on 31 January 20X0....
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
Study smarter with the SolutionInn App