Prepare the double entries (not the T-accounts) for the following transactions: July 1 2 Started business
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Prepare the double entries (not the T-accounts) for the following transactions:
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July 1 " 2 Started business with 8,000 in the bank. Bought stationery by cheque 30. " 3 Bought goods on credit from I Walsh 900. 4 Sold goods for cash 180. 5 Paid insurance by cash 40. " 7 8 10 Paid for machinery expenses by cheque 50. Sold goods on credit to D Small 320. Bought machinery on credit from H Morgan 500.
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