Write up the asset and liability and capital accounts to record the following transactions in the records
Question:
Write up the asset and liability and capital accounts to record the following transactions in the records of J Beanie:
2007 July
1 Started business with £25,000 in the bank.
2 Bought office furniture by cheque £800.
3 Bought printers £700 on credit from Fullcrop Ltd.
5 Bought a van paying by cheque £8,100.
8 Sold some of the office furniture – not suitable for the business – for £90 on credit to P Dove Ltd.
15 Paid the amount owing to Fullcrop Ltd £700 by cheque.
23 Received the amount due from P Dove Ltd £90 in cash.
31 Bought machinery by cheque £800.
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: