Write up the following transactions in the books of P. Hewitt: 2013 March 1 Started in business
Question:
Write up the following transactions in the books of P. Hewitt: 2013 March
Transcribed Image Text:
1 Started in business with cash 16,000. 2 Bought goods on credit from W. Young 420. 3 Paid rent by cash 870. 4 5 Paid 12,500 of the cash of the business into a bank account. Sold goods on credit to D. Unbar 192. 7 Bought stationery 85 paying by cheque. 11 Cash sales 312. 14 Goods returned by us to W. Young 54. 17 Sold goods on credit to J. Harper 212. 20 Paid for repairs to the building by cash 78. 22 D. Unbar returned goods to us 31. Paid W. Young by cheque 366. Cash purchases 470. 27 28 29 30 Bought a van paying by cheque 3,850. Paid motor expenses in cash 216. 31 Bought a computer 730 on credit from B. Coal.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
To write up the transactions for P Hewitt for March 2013 given in the list we will need to make journal entries for them Journal entries are the first ...View the full answer
Answered By
Mamba Dedan
I am a computer scientist specializing in database management, OS, networking, and software development. I have a knack for database work, Operating systems, networking, and programming, I can give you the best solution on this without any hesitation. I have a knack in software development with key skills in UML diagrams, storyboarding, code development, software testing and implementation on several platforms.
4.90+
80+ Reviews
174+ 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
-
Write up the following transactions in the books of P Hewitt: 20X8 March 1 Started in business with cash 8,500. "1 2 Bought goods on credit from W Young 420. Paid rent by cash 210. 3 4 Paid 6,000 of...
-
Paper Products has a head office in London and a branch in Bristol. The following information has been extracted from the head office books of account as at 31 March 2016: Additional information: 1...
-
On 2 January 20x4, P Co purchased from X Co, a controlling interest of 90% interest in Sapphire Co, a company that has an on-going research and development project. On 2 January 20x4, P Co entered...
-
In designing an experiment, the researcher can often choose many different levels of the various factors in order to try to find the best combination at which to operate. As an illustration, suppose...
-
An 88-g arrow is fired from a bow whose string exerts an average force of 110N on the arrow over a distance of 78cm. What is the speed of the arrow as it leaves the bow?
-
The value of a growing tax shield is greater than the value of a constant tax shield. This means that for a given initial level of debt a growing firm will have more value from the debt tax shield...
-
For the following exercises, use the sample contact tracing graph to identify paths (Figure 13.12). 1. How many people have a path of length 2 from Jeffrey? 2. Find 2 paths between Kayla and Rohan....
-
Hampton Company reports the following information for its recent calendar year. Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 160,000 Expenses Cost of goods sold . . . . . . . ....
-
Please show all work Solve the right triangle using the information given. Round answers to two decimal places, if necessary. A b P a 4) a = 5, B = 40; Find b, c, and angle A
-
From the following statements which give the cumulative effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. There is no...
-
Enter the following transactions, completing the double entry in the books for the month of May 2013: 2013 May 1 Started in business with 18,000 in the bank and 2,000 in cash. 2 Purchased goods 580...
-
You can mow 10 square yards of grass in one minute. How long does it take you to mow a triangular plot with height 25 yards and base 24 yards? How long does it take you to mow a rectangular plot with...
-
1. Your firm's account analysis statement for treasury management products and services is shown below. Use this information to determine the following: A) The monthly earnings credit B) The...
-
In 2006, Damany Lewis was a 29-year-old math teacher at Parks Middle School in Atlanta. The school was in a run-down neighborhood three miles south of downtown that was plagued by armed robberies....
-
What is the maximum profit and loss on a butterfly spread strategy where you long two put options with strike prices $25 and $35 and premiums of $1 and $6 respectively and write two puts with a...
-
Can you please help me with the bolded parts of these questions? I just need further reference to be able to do the essay on Apple as a company. It is a Long-Term Asset Essay......I already have...
-
Paty Ltd operating containers and it is contemplating two cost structures for its operations. A. High variable cost pu container with lower annual fixed costs B. Lower variable cost with higher fixed...
-
Foot Locker uses sales per square foot as a measure of store productivity. Sales are currently running at an annual rate of $406 per square foot (The Wall Street Journal, March 7, 2012). You have...
-
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
-
Labour data for making one unit of finished product in Hideo Company are as follows: (1) Price-hourly wage rate $15.00, payroll taxes $0.95, and fringe benefits $1.5. (2) Quantity-actual production...
-
What is variable costing? What is absorption costing? What is throughput costing?
-
Why are research and development costs expensed? Is this consistent with how other similar costs are handled? Explain why or why not. Should research and development costs be expensed? Explain why or...
-
! Required information [ The following information applies to the questions displayed below. ] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the...
-
1 . 5 Citrus Company is considering a project with estimated annual net cash flows of $ 3 4 , 0 8 0 for seven years points that is estimated to cost $ 1 6 0 , 0 0 0 . Citrus's cost of capital is 2 0...
-
Organicmaid processes organic milk into plain yogurt. ( Click the icon to view additional information. ) Should Organicmaid continue to sell only the gallon - size plain yogurt ( sell as is ) or...
Study smarter with the SolutionInn App