You are to enter up the necessary accounts for the month of May from the following information
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You are to enter up the necessary accounts for the month of May from the following information relating to a small printing firm. Then balance off the accounts and extract a trial balance as at 31 May 20X6.
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20X6 May "1 11 "1 "T 11 "1 11 "1 "1 1 Started in business with capital in cash of £800 and £2,200 in the bank. 2 Bought goods on credit from the following persons: J Ward £610; P Green £214; M Taylor £174; S Gemmill £345; P Tone £542. Sold goods on credit to: J Sharpe £340; G Boycott £720; F Titmus £1,152. Paid rent by cash £180. 4 6 9 J Sharpe paid us his account by cheque £340. 10 F Titmus paid us £1,000 by cheque. 12 We paid the following by cheque: M Taylor £174; J Ward £610. 15 Paid carriage by cash £38. 18 Bought goods on credit from P Green £291; S Gemmill £940. 21 Sold goods on credit to G Boycott £810. 31 Paid rent by cheque £230.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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