Write up the following transactions in the books of J. Dunn: 2017 May 1 Started in business
Question:
Write up the following transactions in the books of J. Dunn:
2017 May
1 Started in business with cash £30,000.
2 Bought goods on time from T. Lamb £700.
3 Paid rent by cash £1,740.
4 Paid £25,000 of the cash of the business into a bank account.
5 Sold goods on time to R. Still £384.
7 Bought stationery £170 paying by cheque.
11 Cash sales £624.
14 Goods returned by us to T. Lamb £80.
17 Sold goods on time to R. Davis £424.
20 Paid for repairs to the building by cash £156.
22 R. Still returned goods to us £62.
27 Paid T. Lamb by cheque £620.
28 Cash purchases £940.
29 Bought a van paying by cheque £7,000.
30 Paid motor expenses in cash £432.
31 Bought a computer £1,460 on time from S. Tims.
Step by Step Answer:
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood