Enter the following transactions in the accounts of E Sangster: 20X7 July 1 Started business with 10,000
Question:
Enter the following transactions in the accounts of E Sangster:
Transcribed Image Text:
20X7 July 1 Started business with 10,000 in the bank. " 2 T Cooper lent us 400 in cash. " 3 4 6 Took 250 of the cash and paid it into the bank. Bought goods on credit from F Jones 840 and S Charles 3,600. Sold goods for cash 200. " " " " " " " 8 10 11 12 14 Sold goods on credit to C Moody 180. Sold goods on credit to J Newman 220. Bought goods on credit from F Jones 370. C Moody returned goods to us 40. Sold goods on credit to H Morgan 190 and J Peat 320. 15 We returned goods to F Jones 140.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
Joram mutua
I am that writer who gives his best for my student/client. Anything i do, i give my best. I have tutored for the last five years and non of my student has ever failed, they all come back thanking me for the best grades. I have a degree in economics, but i have written academic papers for various disciplines due to top-notch research Skills.In additional, I am a professional copywriter and proofreader.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Enter the following transactions in ledger accounts of ABC (including a two-column cash book), balance off and extract the trial balance. 1 Jan ABC started business and put 1,000 in the business bank...
-
Enter up the following transactions in the records of E Sangster: 19X7 July 1 Started business with 10,000 in the bank. 2 T Cooper lent us 400 in cash. 29 3 4 6 35 15 25 25 95 99 35 95 55 35 39 95 25...
-
10. Consider a block of mass Mhanging at rest from a cable of length L and mass density . The cable is plucked at the bottom, and a wave pulse propagates up the cable to the top, where it is attached...
-
The following are the major balance sheet classifications: Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) Property, plant, and equipment (PPE)...
-
(a) Suppose that the reservoir in Figure 25-8 contains 1.5 L of 2.0 M K2PO4. For how many hours can the reservoir provide 20 mM KOH at a flow rate of 1.0 mL/min if 75% consumption of K+ in the...
-
You should recognize that basing a decision solely on expected returns is appropriate only for risk-neutral individuals. Because your client, like virtually everyone, is risk averse, the riskiness of...
-
Explain how marketing discovers and satisfies consumer needs.
-
Richardson Services Ltd. was formed on May 1, 2017. The following transactions took place during the first month. Transactions on May 1: 1. Shareholders invested 50,000 cash in exchange for ordinary...
-
Please write at least two large paragraphs to describe your critical thoughts and reflections about watching the movie "The Race to Rebuild Americas Infrastructure." Specifically, what do you think...
-
Enter the following transactions in the accounts: 20X9 May 1 " " " " 2 3 Started business with 2,000 in the bank. Bought goods on credit from C Shaw 900. Bought goods on credit from F Hughes 250. 5...
-
Write up the asset, capital and liability accounts in the books of C Walsh to record the following transactions: 20X9 June 1 " 2 " 5 " " " " " " " 8 12 15 19 21 25 30 Started business with 5,000 in...
-
Describe an imaginary process that satisfies the first law but violates the second law of thermodynamics.
-
As an official sponsor of the Olympics, what specific benefit did John Hancock use to help drive sales in their national offices?
-
assumes that Nia has both a discount rate of zero and faces an interest rate of zero. These assumptions made calculating her constant level of consumption expenditure of $56,000 fairly...
-
Paul Petersen lives in Northern California. He owns a BMW car worth about $20,000. He wants to take a trip to Nevada with his girlfriend Patricia, who lives in Los Angeles. He takes his car into...
-
Do you see gendered patterns of interaction in personal relationships? Does knowing about gender linked patterns affect how other interpret on what happens in a relationships?
-
Significance For bone density scores that are normally distributed with a mean of 0 and a standard deviation of 1, find the percentage of scores that are significantly high (or at least 2 standard...
-
The Chocolate Ice Cream Company and the Vanilla Ice Cream Company have agreed to merge and form Fudge Swirl Consolidated. Both companies are exactly alike except that they are located in different...
-
Write an SQL statement to display all data on products having a QuantityOnHand greater than 0.
-
Draw an interaction diagram for the following contract: If a collaboration diagram is used, be sure that all messages' sequence numbers are shown. Contract: Scheduling a Flight Operation:...
-
Columbus Industries makes a product that sells for $37 a unit. The product has a $29 per unit variable cost and total fixed costs of $10,000. At budgeted sales of 1,950 units, the margin of safety...
-
18. Suppose that Maxima shares are selling for $10 per share and you own a call option to buy Maxima shares at $7.50. The intrinsic value of your option is:
Study smarter with the SolutionInn App