Write up the following transactions in the books of J Brown: 2008 March 1 Started in business
Question:
Write up the following transactions in the books of J Brown:
2008 March
1 Started in business with cash £9,600.
2 Bought goods on credit from J Harper £310.
3 Paid rent by cash £650.
4 Paid £3,000 of the cash of the business into a bank account.
5 Sold goods on credit to P Aisley £330.
7 Bought blank CDs for the PC £9 paying by cheque.
11 Cash sales £42.
14 Goods returned by us to J Harper £63.
17 Sold goods on credit to F Boggis £195.
20 Paid for repairs to the PC by cash £56.
22 P Aisley returned goods to us £30.
27 Paid J Harper by cheque £247.
28 Cash purchases £840.
29 Bought a second-hand motorbike paying by cheque £2,100.
30 Paid motor repairs in cash £101.
31 Bought office furniture £460 by cheque from D Simpson.
Step by Step Answer:
Business Accounting Uk Gaap Volume 1
ISBN: 9780273718765
1st Edition
Authors: Frank Wood, Alan Sangster