Record the transactions below in the respective accounts: Nov. 1 Started business with 3,500 in the cash
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Record the transactions below in the respective accounts:
Nov. 1 Started business with €3,500 in the cash account.
Nov. 2 Deposited €3,000 into the bank account from the cash till.
Nov. 4 Purchased office furniture of €500 on credit from Beautiful Furniture Ltd.
Nov. 5 Bought machinery of €1,000 paying by cheque.
Nov. 8 Return faulty office furniture of €100. This was deducted from the amount due to Beautiful Furniture Ltd.
Nov. 10 The owner deposited an additional €1,200 in the bank account.
Nov. 13 The owner took €50 cash for his personal use.
Nov. 19 Sold office furniture of €100 by cash.
Nov. 23 Paid Beautiful Furniture Ltd. the amount due of €400 by cheque.
Nov. 25 Took
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Related Book For
Financial Accounting: From Its Basics To Financial Reporting And Analysis
ISBN: 9781527547261
1st Edition
Authors: Simeon Spiteri
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