Write up the asset and liability and capital accounts to record the following transactions in the records

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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.

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Business Accounting Uk Gaap Volume 1

ISBN: 9780273718765

1st Edition

Authors: Frank Wood, Alan Sangster

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