Write up the asset, capital and liability accounts in the books of D. Gough to record the
Question:
Write up the asset, capital and liability accounts in the books of D. Gough to record the following transactions:
June 1 Started business with \(£ 16,000\) in the bank.
2 Bought van paying by cheque \(£ 6,400\).
5 Bought office fixtures \(£ 900\) on time from Old Ltd.
8 Bought van on time from Carton Cars Ltd \(£ 7,100\).
12 Took \(£ 180\) out of the bank and put it into the cash till.
15 Bought office fixtures paying by cash \(£ 120\).
19 Paid Carton Cars Ltd by internet transfer from the bank account.
21 A loan of \(£ 500\) cash is received from B. Berry.
25 Paid \(£ 400\) of the cash in hand into the bank account.
30 Bought more office fixtures, paying with the business debit card \(£ 480\).
Step by Step Answer:
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood